Fru-Gal Friends

Subject: Poll: Do You Pay Extra On Your Mortgage? Wed 02 Apr 2008, 6:49 pm

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"It is not how much money you make - it is how you spend it."

Subject: Re: Poll: Do You Pay Extra On Your Mortgage? Wed 02 Apr 2008, 6:50 pm

I submitted "No"
Well...I do a few dollars every month, because I dont know exactly how much the mortgage on the new house is. :-) So I round up and pay it that way.

I was able to pay an additional $200/month for an entire year at the Akron house. It paid down the mortgage considerably. I cant wait until we are able to do that here.

~M
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"It is not how much money you make - it is how you spend it."

Subject: Re: Poll: Do You Pay Extra On Your Mortgage? Wed 02 Apr 2008, 7:27 pm

I was torn between the last two. I chose 'frequently' because for the last few months I have been and am committed to keep doing so. Our mortgage is really our only debt and I want to end up paying as little interest as we need to.
When we initially set up this mortgage we were paying a little over the required fortnightly amount but with gradual interest increases that fell by the wayside.
Now that I've worked on other household expenditures, I'm concentrating on the mortgage, we've a long way to go but everything extra helps Smile

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~ By sowing frugality we reap liberty, a golden harvest. --Agesilaus ~

Subject: Re: Poll: Do You Pay Extra On Your Mortgage? Wed 02 Apr 2008, 10:25 pm

we own our house free and clear .. Frank had brought the place before we married he had a mortage when we married my Dad gave us House money we applied to the loan , we paid the remainer off in two years because we had were told by the adoption agency if we were debt free.. so we were debt free
we increased the amount he had about 50 acres and we added alot more .. we remain debt but for years we had a house fund we deposit the amount of the mortage into a saving account .. it paid increase house twice now . we still have a house fund it pays taxes and for things for the house like the new Florida Room I want .
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Gayla

"They take great pride in making their dinner cost much; I take my pride in making my dinner cost so little."

---Henry David Thoreau (1817-1862)

Subject: Re: Poll: Do You Pay Extra On Your Mortgage? Thu 03 Apr 2008, 6:28 am

We have always put extra towards the mortgage. Our goal is to be mortgage free (thus debt free) in 10 years.
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Subject: Re: Poll: Do You Pay Extra On Your Mortgage? Thu 03 Apr 2008, 8:23 am

We own our house, but I shudder at the thought of having a mortgage in my 50's when we buy a new house.

Subject: Re: Poll: Do You Pay Extra On Your Mortgage? Thu 03 Apr 2008, 4:12 pm

Right now money is tight ,,as usual,,so no extras toward mortgage,,mainly trying to pay off cc!

Subject: Re: Poll: Do You Pay Extra On Your Mortgage? Thu 03 Apr 2008, 6:09 pm

I try to make 13 payments a year instead of 12. It isn't always do-able but I like to try.

Subject: Re: Poll: Do You Pay Extra On Your Mortgage? Thu 03 Apr 2008, 8:12 pm

I went online to check our mortgage balance. With interest rises we were whacked with a larger interest amount than what we paid (set payments) for the month!!!! That's terrible, if I hadn't have made any extra payments our outstanding balance would've been higher than the previous month.
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~ By sowing frugality we reap liberty, a golden harvest. --Agesilaus ~