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jodyangel

How can I best pay off my mortgage early??

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3 hours ago, jodyangel said:

We bought the car cash. And yes we could sell and buy somewhere less pricey.

we lived in an apartment before we married. I would not want to live like again tho...

How much extra have you paid toward your principal since you started this thread?

 

Since you last posted I finished off our little project:

 

 

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Ok, I’ve been paying $800 extra and designated it to go just to the principal.

i received a letter yesterday that said I’ve been paying $171/month for PIV....I called them with questions this am and they said it was insurance because we weren’t able to pay a sizable down payment. So I dropped it. Come Feb. I’ll have a mortgage payment of $171 less...so since I’ve already been paying 800 extra, I’ll be able to pay a double payment. My current mortgage payment is $1224.27...it will drop to $1052.97....and my rate is 3.25....so no need to get a better rate cause that’s really low yes? Thanks!

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10 hours ago, jodyangel said:

Ok, I’ve been paying $800 extra and designated it to go just to the principal.

i received a letter yesterday that said I’ve been paying $171/month for PIV....I called them with questions this am and they said it was insurance because we weren’t able to pay a sizable down payment. So I dropped it. Come Feb. I’ll have a mortgage payment of $171 less...so since I’ve already been paying 800 extra, I’ll be able to pay a double payment. My current mortgage payment is $1224.27...it will drop to $1052.97....and my rate is 3.25....so no need to get a better rate cause that’s really low yes? Thanks!

:good: 

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I’m thinking I’ll pay another payment and hopefully that will knock it down fast. I’ll double check with Wells Fargo tomorrow!

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