Quote:
Originally Posted by El Jefe
Thanks for that advice!
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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.