Не секрет, что выбор микрофинансовой организации - дело сложное. Решить вопрос, где вы будете оформлять заявку на займ онлайн не так просто. Наш http://credit-n.ru призван облегчить вас выбор. Именно здесь мы собрали список самых популярных микрофинансовых организаций с условиями кредитования. Данный сайт поможет подобрать микрозайм онлайн без залога и поручительства. Рекомендуется сначала рассмотреть такой вариант микрокредита, как займ на карту без проверки кредитной истории.

The best plan to pay off a loan is to always make payments at least 50% towards principal

The best plan to pay off a loan is to always make payments at least 50% towards principal

But after a divorce and other bad situations i got a 15 year loan…and have been making a few extra paymens here and there…as of now i got the loan down to less than 13 years and am keep taking it down

My husband and I already pay extra on our mortgage principal 1/12th of our monthly mortgage payment. On top of that, we ount (mutually agreed) in savings will be sent to the principal. We just refinanced to a 15 year mortgage at 3.75% and our first payment began January 1st. We have already paid over $5K to the principal of the mortgage. I want to add that we are blessed to have good income and I’m aware that not everyone can do that, but every little counts. We’ve entrusted our finances to God and He is leading the way.

My initial loan was 15 years

It is now almost the end of June and we’ve paid over $16K on the principal of our mortgage. It’s not easy, but we keep plugging along. My goal is to have our $243, 3.75%/15 years paid off by .

As of today, we’ve paid $22, We are almost one year ahead of schedule. By the end of the year, God willingly we will have 13 years left on the mortgage instead of 14 years.

These are some good tips. I am using all 4 strategies to pay off my mortgage, hopefully by age 30. That’s what my blog is about. First, I set up automatic payments, which are bi-weekly. They are taken out the Monday following each paycheck. Then I over here plan to make a yearly contribution, around tax time. About 3K. Thirdly, I track my monthly expenses, and send a portion of what is left to the mortgage company. They’ve done a good job of keeping up with all the extra payments so far. I’m on track to pay it off in 3-5, depending on how I do.

mike that is awesome dude I was nearly 30 when i bought my house. . also you have a quicken program it will automatically deduct your payments and it is neat to watch the last payment go down and every now and then disappear when you make extra payments

I did these things on my mortgage. I started with a principal of $198k 6% interest rate in 2008. In 2009 I rolled over to a lower interest rate plan 5.375% in 2009 with a principal balance of $194k. I maintained the same payment I was making when rates were 6%. In my principal went down to $189k. I refinanced to a 15yr term 3.875% and my balance today is $186k. It really felt very nice to reduce my interest payment from $900 to $800 and now to $600 per month. Also principal payments going from $100 to $250 and now to $800 per month. every dollar you are paying on a principal is a dollar you are putting in a savings account. Don’t use mortgage interest as an incentive to prolonge your debt, but instead as a resource to reduce the amount of taxes you have to pay. For every $100 dollar you earn is always better to pay $33 to the IRS and keep $67 in your pocket than pay $100 dollar on interest and only keep $33 from your income tax return. If you can’t pay off your home 15 yrs or less, try buying a smaller home. You have the rest of your life to purchase the home of your dreams. Interest rates are not going to stay low for ever, but they just keep getting lower and lower every year since 1981.