Originally Posted by
onehundred80
Paying off 10% of your mortgage every year will discharge the mortgage in a little over seven years. With huge savings on the total interest paid. Adding to your mortgage is a huge mistake, but banks love it.
Yes sir, only been in our house 3.5 years and am currently refinancing with a much lower rate and jump to a 15 year from the current 30. Hopefully get the house paid off in 10-12 years
It also pays to have a good credit score, thank God I did not follow the road of many of my peers with credit card debt, mortgaged up to their eyeballs, and crap credit. Thanks Mom and Dad
