thanks for your feedback Will. What I'm trying to prevent is to be in over my head with trying to sell the house in 7 to 10 years. Of course real estate appreciates, but if i can pay off a bit more faster thats more $$ in my pocket.
Originally I wanted to get a 20 year loan, but they don't exist, only 15 or 30. 15 was pushing it but 30 was a bit more comfortable. My first payment I made was based on a 15 year number but my accountant told me to hold off
Quote:
Originally Posted by pornguy
A mortgage underwriter once told me the best way to pay your mortgage is 2 times a month Half on the 15th and half on the 30th.
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I heard it was every two weeks. Its not rocket science, your just making 26 payments a year instead of 24. This works well for people who get paid every two weeks versus twice a month.