Quote:
Originally Posted by BWillie007
On your next house, make sure you pay at least 25% extra on your mortgage so you won't get assfucked on interest. Even if you lose money in your house - you'll gain equity soo much faster on a 30 year loan even w/ interest rates low right now. By paying 70% more each month directly to principal I am set to own my house in seven years instead of 30. Even if you pay like 25% more each month I think it'll cut your 30 year loan into like 11-12.
Over the long run I'll save $40,000, and I only have a 4.75% interest rate.
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Well I lived like a King in my little town. Now that I'll be moving to the Des Moines area I'm probably going to have to downsize. I'm cool with it, they wife will have to adjust. We loved our home, but there is no way we could afford something like that in a good neighborhood where we are going. If I'm a celebrity, I'm sure not getting any perks!