Quote:
Originally Posted by BK911
Good plan.
I almost double my mortgage payments so the house in paid off in 7.5 years when I retire at 62.
Now I am thinking of dumping the extra $1k to the mortgage to pay the house of even earlier.
So instead of having the house paid off when I retire, I will retire when the house is paid off!
Quick math says ~5 years to go if I pay an extra $1k on top of the extra I already pay.
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Exactly what I did when the '06 was paid off. I threw the payment at the equity loan I was carrying. IIRC I saved around 20K in interest. I paid off $100K in 8 years instead of 15 but I was throwing other money at it too like tax refunds.
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