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-   -   Life Closed the deal on my first home! (https://www.chiefsplanet.com/BB/showthread.php?t=272392)

mlyonsd 04-23-2013 06:28 PM

Awesome. You're living the dream. Congrats.

houstonwhodat 04-23-2013 07:19 PM

Every year make 1 extra payment directly towards principle.

Your house will be paid off before you know it.

30 year note will end up being 17

15 year note will end up being 10

lewdog 04-23-2013 07:29 PM

Which room will the sex swing go into?

Please don't say the barn.

El Jefe 04-23-2013 07:47 PM

Quote:

Originally Posted by lewdog (Post 9618615)
Which room will the sex swing go into?

Please don't say the barn.

LMAO

El Jefe 04-23-2013 07:48 PM

Quote:

Originally Posted by houstonwhodat (Post 9618581)
Every year make 1 extra payment directly towards principle.

Your house will be paid off before you know it.

30 year note will end up being 17

15 year note will end up being 10

Thanks for that advice!

Pants 04-23-2013 08:10 PM

Congrats, man. Living the dream.

houstonwhodat 04-23-2013 09:27 PM

Quote:

Originally Posted by El Jefe (Post 9618715)
Thanks for that advice!

Yeah no joke.

On your payment coupon you will see an extra line item for any amounts you want to direct towards principle.

Every year if you have a tax refund allocate it to that.

All you're paying is interest for about 15-20 years.

You will kill that loan if you add extra to the principle.

Nothing like having a paid off home, you'll never be homeless. Maybe broke and unemployed, but not homeless.

Same concept works for car notes too.

AussieChiefsFan 04-23-2013 09:29 PM

Congrats!!


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