Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
UPS Stock almost to $120 this week...
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="LeddySS98" data-source="post: 3108249" data-attributes="member: 8574"><p>My interest rate it 4.35%... I borrowed $180k in 2011... I thought 4% I cant go wrong... untill i made my first payment and 650 bucks went straight to interest<img src="/community/styles/default/xenforo/smilies/FeltTip/sick.png" class="smilie" loading="lazy" alt=":sick:" title="Sick :sick:" data-shortname=":sick:" />... So I ramped up my additional principal payment and have the mortgage down to 70k now with $260 going to interest right now...</p><p></p><p>I've read all kinds of financial advice saying how paying off the mortgage is the last thing you should do and gives the example of paying $16,000 in interest and getting to write it off on your taxes and getting a $4,000 refund and how great that is... yeah, it seems like a nice idea to get a refund of 4,000 but its your own money your getting back.. and you pay 16,000... get 4,000 back... but what about the 12,000 you lost to interest... how can it be better to keep the mortgage going the full 30 years.</p></blockquote><p></p>
[QUOTE="LeddySS98, post: 3108249, member: 8574"] My interest rate it 4.35%... I borrowed $180k in 2011... I thought 4% I cant go wrong... untill i made my first payment and 650 bucks went straight to interest:sick:... So I ramped up my additional principal payment and have the mortgage down to 70k now with $260 going to interest right now... I've read all kinds of financial advice saying how paying off the mortgage is the last thing you should do and gives the example of paying $16,000 in interest and getting to write it off on your taxes and getting a $4,000 refund and how great that is... yeah, it seems like a nice idea to get a refund of 4,000 but its your own money your getting back.. and you pay 16,000... get 4,000 back... but what about the 12,000 you lost to interest... how can it be better to keep the mortgage going the full 30 years. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
UPS Stock almost to $120 this week...
Top