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  • From: DSanner106 AT aol.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Homesteading alone
  • Date: Sat, 25 Oct 2008 11:56:17 EDT

I agree, I realized that only 100.00 was going to principle on my mortgage
and that kicking
in 100.00 extra essentially covered next months payment and shortened my
mortgage by
a month. If you keep adding next months principle amount to your payment you
will pay off
in 15 years. Yes it escalates and gets tougher but you can plan for the
increases and will be
amazed at how you can find the extra money when motivated.

Drew


In a message dated 10/25/2008 11:40:19 A.M. Eastern Daylight Time,
lisakvperry AT gmail.com writes:

Look at your mortgage statement to see how much is paid to principal. It's
scary to see how much applies directly to interest, so I don't recommend
doing this often. ;)

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