Comments on: Expanding the Debt Payment Plan? http://pantsinacan.com/2007/11/29/expanding-the-debt-payment-plan/ A Personal Finance Blog with a Silly Name Fri, 10 Feb 2012 11:02:13 +0000 hourly 1 http://wordpress.org/?v=3.0 By: To Pay, or not to Pay » pantsinacan.com http://pantsinacan.com/2007/11/29/expanding-the-debt-payment-plan/#comment-1118 To Pay, or not to Pay » pantsinacan.com Wed, 13 Feb 2008 13:54:33 +0000 http://pantsinacan.com/2007/11/29/expanding-the-debt-payment-plan/#comment-1118 [...] towards the principle on my mortgage. Then, at the tail end of December, I picked up the pace, increasing me weekly principle payments to $125/week. So far, so [...] [...] towards the principle on my mortgage. Then, at the tail end of December, I picked up the pace, increasing me weekly principle payments to $125/week. So far, so [...]

]]> By: Grant http://pantsinacan.com/2007/11/29/expanding-the-debt-payment-plan/#comment-623 Grant Fri, 30 Nov 2007 03:47:56 +0000 http://pantsinacan.com/2007/11/29/expanding-the-debt-payment-plan/#comment-623 Don't underestimate the value of tax-deductible interest! And remember that a mortgage is the cheapest money you'll ever borrow, and unless you're looking to live in the house forever, there's really no sense in paying it off early. For instance, what good does it do you if you make extra payments to bring the payoff date to 15 years if you move in 8? Depending on what your mortgage interest rate is, I suspect you can put that extra $250 per month to work for you and come out ahead... Just my thoughts. -Grant Don’t underestimate the value of tax-deductible interest!

And remember that a mortgage is the cheapest money you’ll ever borrow, and unless you’re looking to live in the house forever, there’s really no sense in paying it off early. For instance, what good does it do you if you make extra payments to bring the payoff date to 15 years if you move in 8?

Depending on what your mortgage interest rate is, I suspect you can put that extra $250 per month to work for you and come out ahead…

Just my thoughts.

-Grant

]]> By: Second Mortgage Bad credit » Expanding the Debt Payment Plan? http://pantsinacan.com/2007/11/29/expanding-the-debt-payment-plan/#comment-618 Second Mortgage Bad credit » Expanding the Debt Payment Plan? Thu, 29 Nov 2007 16:55:26 +0000 http://pantsinacan.com/2007/11/29/expanding-the-debt-payment-plan/#comment-618 [...] Original post by pantsinacan.com [...] [...] Original post by pantsinacan.com [...]

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