12-11-2009, 07:37 PM
AlphaDog wrote:
[quote=Black]
[quote=ztirffritz]
I've owned my home for about 7 years and I've paid down about 1/3 of the principle so far. I just refinanced so that I can pay it down even faster.
That's a good point.
If you could theoretically reduce your payment from $1800 to $1400 that's $400 extra you could pay in principal every month.
Um, guys, I believe I said that in the second post to this thread. What? You guys don't pay attention to girls?
AlphaDog wrote: Now, if you reset that clock with a lower rate and continue to pay the same amount each month, I'd say you'd definitely come out ahead, because any excess will go directly toward principle.
You just think we don't pay attention because we're guys :-)