Quote:
Originally Posted by Normagene
I'd go with the majority; Best Advice; Pay down the Principle. A little extra monies with each monthly payment goes a long way. When I bought my house I put extra down starting with the first payment. Ten years, two months, or 122 payments later......DONE! Saved just under 170K in interest!
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Yeah. I had a 15 year note and paid it off in 9 years doing that. Suddenly I had an extra $800 a month coming in, which went straight into savings. That's part of the reason I was able to pay cash for a new Camaro and a new truck. A paid for home frees you up to save a lot of money towards toys (and necessities, of course).
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