Comments on: How to pay off your home in half the time http://getfinanciallyfit.org/2008/04/03/how-to-pay-off-your-home-in-half-the-time/ Practical and easy steps to smart money management Mon, 08 Sep 2008 10:43:16 +0000 http://wordpress.org/?v=2.5 By: Rio http://getfinanciallyfit.org/2008/04/03/how-to-pay-off-your-home-in-half-the-time/#comment-220 Rio Fri, 09 May 2008 14:43:49 +0000 http://getfinanciallyfit.org/?p=74#comment-220 Thanks for the spelling correction! I have revised the post. -Rio Thanks for the spelling correction! I have revised the post. -Rio

]]> By: Spelling Counts http://getfinanciallyfit.org/2008/04/03/how-to-pay-off-your-home-in-half-the-time/#comment-211 Spelling Counts Mon, 28 Apr 2008 06:45:17 +0000 http://getfinanciallyfit.org/?p=74#comment-211 You mean "principal" not "principle." Someone giving financial advice will appear more knowledgible and credible if they know the correct words. You mean “principal” not “principle.”

Someone giving financial advice will appear more knowledgible and credible if they know the correct words.

]]> By: ideal4investors http://getfinanciallyfit.org/2008/04/03/how-to-pay-off-your-home-in-half-the-time/#comment-209 ideal4investors Thu, 24 Apr 2008 22:31:37 +0000 http://getfinanciallyfit.org/?p=74#comment-209 Great article. I will link to it from my blog. I've seen those software packages too and think they may be a rip off (not to mention complicated). Great article. I will link to it from my blog. I’ve seen those software packages too and think they may be a rip off (not to mention complicated).

]]> By: » Carnival of Debt Reduction #135 @ Credit Card Addict http://getfinanciallyfit.org/2008/04/03/how-to-pay-off-your-home-in-half-the-time/#comment-203 » Carnival of Debt Reduction #135 @ Credit Card Addict Mon, 14 Apr 2008 12:03:50 +0000 http://getfinanciallyfit.org/?p=74#comment-203 [...] Rio Rivas presents “How to Pay Off Your Home in Half the Time.” [...] […] Rio Rivas presents “How to Pay Off Your Home in Half the Time.” […]

]]> By: Rio http://getfinanciallyfit.org/2008/04/03/how-to-pay-off-your-home-in-half-the-time/#comment-190 Rio Wed, 09 Apr 2008 05:44:44 +0000 http://getfinanciallyfit.org/?p=74#comment-190 Hi Super Saver, Thanks for your feedback. I did a quick google search on your feedback and I think you are correct. Here is an article I found at http://www.mtgprofessor.com/A%20-%20Early%20Payoff/doubling_the_principal_payment_a_sensible_repayment_strategy.htm that concludes that the time will not be half but about 60% (your mileage will vary based on specific conditions). Thanks for your insight. -Rio Hi Super Saver,

Thanks for your feedback. I did a quick google search on your feedback and I think you are correct. Here is an article I found at http://www.mtgprofessor.com/A%20-%20Early%20Payoff/doubling_the_principal_payment_a_sensible_repayment_strategy.htm that concludes that the time will not be half but about 60% (your mileage will vary based on specific conditions). Thanks for your insight.

-Rio

]]> By: Real Estate Investing Business: Blog Carnival Results | Real Estate Investing Business Blog http://getfinanciallyfit.org/2008/04/03/how-to-pay-off-your-home-in-half-the-time/#comment-188 Real Estate Investing Business: Blog Carnival Results | Real Estate Investing Business Blog Tue, 08 Apr 2008 15:29:44 +0000 http://getfinanciallyfit.org/?p=74#comment-188 [...] presents How to pay off your home in half the time posted at Get Financially [...] […] presents How to pay off your home in half the time posted at Get Financially […]

]]> By: Super Saver http://getfinanciallyfit.org/2008/04/03/how-to-pay-off-your-home-in-half-the-time/#comment-187 Super Saver Tue, 08 Apr 2008 14:51:23 +0000 http://getfinanciallyfit.org/?p=74#comment-187 An elegant way to think abouut how to cut one's mortgage time in half. I like it. However, for accuracy, it seems the amortization table would need to be recalculated after each month to reflect the reduction of mortgage time. Our approach for our 30 year mortgage is to make one principal payment each year to payoff the mortgage in 15 years. It requires larger payments up front, but only involved a single, although more complicated, calculation to get the yearly payment number. Also,our monthly payment remains the same and can be automatically deducted. Here via CoPF An elegant way to think abouut how to cut one’s mortgage time in half. I like it.

However, for accuracy, it seems the amortization table would need to be recalculated after each month to reflect the reduction of mortgage time.

Our approach for our 30 year mortgage is to make one principal payment each year to payoff the mortgage in 15 years. It requires larger payments up front, but only involved a single, although more complicated, calculation to get the yearly payment number. Also,our monthly payment remains the same and can be automatically deducted.

Here via CoPF

]]> By: Frugal Babe » Archive » Carnival of Personal Finance #147 http://getfinanciallyfit.org/2008/04/03/how-to-pay-off-your-home-in-half-the-time/#comment-185 Frugal Babe » Archive » Carnival of Personal Finance #147 Mon, 07 Apr 2008 17:13:50 +0000 http://getfinanciallyfit.org/?p=74#comment-185 [...] Financially Fit has a great, detailed article about how to pay off your mortgage in half the scheduled time.  I’m all about this, so I loved this [...] […] Financially Fit has a great, detailed article about how to pay off your mortgage in half the scheduled time.  I’m all about this, so I loved this […]

]]> By: Carnival of Personal Finance #147: Q1 Financial Advice Edition | Personal Finance Blog by Money Ning http://getfinanciallyfit.org/2008/04/03/how-to-pay-off-your-home-in-half-the-time/#comment-184 Carnival of Personal Finance #147: Q1 Financial Advice Edition | Personal Finance Blog by Money Ning Mon, 07 Apr 2008 14:58:29 +0000 http://getfinanciallyfit.org/?p=74#comment-184 [...] from Get Financially Fit presents How to pay off your home in half the time, and says, “Here is how to pay off your mortgage in half the remaining [...] […] from Get Financially Fit presents How to pay off your home in half the time, and says, “Here is how to pay off your mortgage in half the remaining […]

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