4 Answers
It's alright Clonge, counties do things differently, my next door neighbour came over one evening years ago with a few bottles of champane to celebrate the paying off their home loan only after 5 years (25 year loan), often wonfered why they did not have furiture, except for food they paid the rest of their saleries off the principal each month you wpould have to be copletely deadicated to go without whilst your friends seem to have everything, possibly not paid for, all i know they went beserk and startd to furnish their home all with cash money, they had the last laugh.
7 years ago. Rating: 2 | |
AAHH Kent ,i remember those days,in the early days we had a pine box for our bed lamps,any building to be done around the house done by us,,you always started out small and worked your way up..nowadays they wanna start at the top and work their way up,,that is not how it is done..>>>>>>>><<<<<<<<..
JH,the more you take off the principle the less you pay in interest,,unless you guys have a different way of paying off things..>>>>>>>><<<<<<<<..
7 years ago. Rating: 1 | |
Is that right Clonge, how does the loan work , interest wise, i know on a home loan, paying just one dollar more each month off the principal, which lesses the loan 2 years imaging what a hundred dollars would do.--- in Oz.
bulletman: I hope you know that i was joking. I'm not going to do the math, but years ago I knew that making 13 payments per yr. towards the mortgage on a 30 year term, instead of 12, would shorten the repayment dramatically,
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