Quote:
Originally Posted by widebody911
That's the plan. I've been paying extra principal all along.
When I bought this house in 2000, my interest rate was 7.875%
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If you make one extra P&I payment per year, it will knock the last seven years or 84 payments off your mortgage. That's some serious savings for very minimal monthly $$. I just wrote my check out minutes ago. We pay about $230 per month extra.