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Unread 2017-01-30, 09:34 PM   #34
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Originally Posted by Scooby24 View Post
Pay more each month. Going to get somewhat aggressive on car payments and as soon as they are paid down, roll that into the mortgage payment which, if my math is right, will get us close to 15 years starting today.
I'm pretty confident you're aware of this already but make sure that the loans you're prepaying don't have prepayment penalties and that you know each lenders' steps to ensure that your additional payments are going to principal.

its usually lenders that are on the shallower end of the credit rating pool but there are some mid-tier lenders that still apply addl funds to future payments - pushing them out further and further (instead of applying addl funds to principal) - unless you tell them otherwise or they may have included prepayment penalties.

figured it was worth a mention.
Our progress in degeneracy appears to me to be pretty rapid. As a nation, we began by declaring that ”all men are created equal.” We now practically read it “all men are created equal, except negroes” When the Know-Nothings get control, it will read “all men are created equal, except negroes, and foreigners, and Catholics.” When it comes to this I should prefer emigrating to some country where they make no pretence of loving liberty -- to Russia, for instance, where despotism can be taken pure, and without the base alloy of hypocricy. - Lincoln
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