My Account
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
May 11, 2024
9:43
:53
am
Archaea
Intervention Needed
Make bigger payments
Make six 10k payments an voila you are there.
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
Archaea
Bio page
Archaea
Joined
Mar 28, 2001
Last login
Jun 19, 2024
Total posts
95,529 (3,159 FO)
Report problem with this ad
Messages
Author
Time
Question for muletino or any other mortgage gurus
UnoDoctor
May 11, 6:42am
Pay more principal and lower the loan amount. The interest is just your loan
johnnybyu
May 11, 6:51am
I would only go for 6.25 guaranteed if I was ~5 years or less from retirement
NanoFab Coug
May 11, 7:48am
Yes I should clarify
UnoDoctor
May 11, 8:58am
Interest owed is calculated monthly based on outstanding balance. Whatever the
Hiccupless
May 11, 6:57am
When I pay my mortgage online each month, there's a box for additional priciple
Y05
May 11, 7:02am
That option is called a recast.
NorCal_Coug
May 11, 8:00am
And until you are going to stop overpaying. It doesn’t affect the interest you
VenturaCoug
May 11, 8:11am
As long as your sure your extra is going to principal what your asking for is
DiamondMo
May 11, 8:16am
Not a guru just recast it or
Archaea
May 11, 8:30am
In summary
UnoDoctor
May 11, 9:09am
Make bigger payments
Archaea
May 11, 9:43am
Or, three 20k payments… voila!
NanoFab Coug
May 11, 10:01am
RE: In summary
NanoFab Coug
May 11, 10:15am
Yeah, you can't look at it short term. Have to look at the big picture.
Y05
May 11, 2:31pm
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad