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10-05-2010, 11:26 AM #1
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- Mar 2007
- Western Canada
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October 2010 house payment - extra principal challenge
We were doing this this summer, I thought I'd pop it up again
I like seeing months coming off the mortgage.
This week i upped our weekly payment by $50/week. This took off 5 years from the mortgage, if we keep it that way. With ALL the extra in the weekly payments(now I think it's 80/week) it took off nearly 10 years
I am hoping to make a principal payment on the 20th... Aiming for $600. Curious to see what that does to the amortization.
11-03-2010, 08:53 PM #2
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I love that!! I was doing pretty well, but then they re-figured our escrow account and upped our payment by $200!! That eats up my principal payment!
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