On Sun, 05 Jun 2011 19:20:38 -0400, Kurt Ullman wrote:

In article ,
JimT wrote:

On another subject: The mortgage company is always sending me biweekly
auto pay program suggestions. Those have to be looked inot carefully.
They are usually just a way for the mortgage company to earn more
interest on my money. Best thing to do is just take the two extra
paydays/yr and put it towards principle. But they don't tell you that.

Back in the day, I took out a 30 year mortgage (so I'd have some leeway
in payments) but paid at the 15 year rate. I actually used to get
communications from my lender reminding I really did not have to pay
that much. Amazing the amount of money one has to spend when the kids
are out of college and the mortgage is paid off.

Back in the day, we couldn't/didn't pay ahead (stupid). I "retired" five
years ago and we sold the house and moved a couple of times for a new job
(once was a contracting position) and ended up buying again in 2008. We
rolled the proceeds from the previous house in when we bought this one (half
of the $300K). We learned our lesson. This house will be paid off in three
years. Yes, after the kids are gone there is a lot more money in the pot.
SWMBO wants a new car but the one she has now (an '00) drives fine. ;-)