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Strategies & Market Trends : Ride the Tiger with CD
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To: Boolish who wrote (201626)7/27/2011 6:03:32 PM
From: Cogito Ergo Sum  Read Replies (2) of 312987
 
Ah do you have any accelerator terms ? Been mortgage free for quite a few years now so dunno if the landscape has changed.. and mine had then was weekly pay accelerated .. ie monthly (say 2K) / 4 (500) paid weekly which ends up meaning you pay 52 x 500 = 25K annual instead of 12 x 2K = 24K annual.. Extra 2K goes to principal annually.. Each year we could bump our weekly payments by 15%, again all going to principal.. was easier than trying make lump sum payments.. weekly budgeting is easier for ADD types like myself :O)

Paid off home is a great sense of security like a good insurance policy... I never however include in as part of net worth..
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