What is your ultimate goal?

Budget101 Discussion List Archives Budget101 Discussion List What is your ultimate goal?

Viewing 0 reply threads
  • Author
    Posts
    • #261670

      I’ve
      always rounded off our payment to the next $100 increment at least. There
      are a couple times a year when DH gets a ‘free’ paycheck –
      when no insurance or dues come out – and then we pay $300-$500 extra.
      I find it easier to add it monthly and designate it toward principal rather
      than send a total extra payment at another time. According to our
      amortization schedule we are about 4 years ahead! I am also NOT loyal to
      any mortgage company, especially since they will sell the note on a whim!
      We have refinanced once in the past 5 years and will do it again in a heartbeat
      when I can knock off another percentage point off the interest rate. I
      was hoping with the financial situation what it is the feds would cut the rates
      but no such luck for me yet. **Side note – we ONLY refi the
      balance; I don’t recommend a total refi with the cash out option since we’re
      trying to reduce debt instead of making more for ourselves. When
      possible, we will also reduce the term limit.

      What action steps are you taking to pay off the mortgage? Are you increasing
      the payment every month, or are you sending in checks toward principal when you
      can?

      Lisa

      Author
      Posts
    Viewing 0 reply threads
    • You must be logged in to reply to this topic.

    Budget101 Discussion List Archives Budget101 Discussion List What is your ultimate goal?