Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Would you save extra money for retirement or put toward mortgage debt?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote]The only thing I will say is that there is nothing stopping you from doing a 30 year and doubling up the payments to pay it down early - if you ever got in trouble, you are only on the hook for the 30 year payment, not the 15 year payment. [/quote] I don't think you should do this, rather you should invest in retirement and elsewhere in the market, but just wanted to point out that you don't have to double your mortgage payment to accomplish this. We refinanced several years ago from a payment of $5100 to one of $3300. If we kept paying $5000 per month on the new loan, it would be done in 15 years.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
