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hypothetical question about what you do AFTER silver spikes or you sell...
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<p>[QUOTE="EyeEatWheaties, post: 996705, member: 26972"]DING DING DING... There is a smart guy in the group!</p><p><br /></p><p> I would do it a bit differently. I like using the internet based bill pay options that Banks offer plus having access and flexibility with a slush fund is ...</p><p><br /></p><p>That $2100 could make ~$1500+ annually over the next 20 years when averaged by applying it to your mortgage. </p><p><br /></p><p>OR</p><p><br /></p><p>48 months of $1200 payments that you wont have to pay. </p><p><br /></p><p><br /></p><p>Take <b>WINDFALL</b> money & put it in a separate account then set up an Automatic payment to be made every month towards the principal. On $2100 I would have a $100 sent sent each month.</p><p><br /></p><p>That will buy you nearly 2 more years to find additional "windfalls" to keep the extra payments going. You can always adjust the payments up or down.</p><p><br /></p><p>Sending $100 extra every month on a 6% $200k loan with 25 years left will have it payed off in ~21 years. Aprox.. (48mo x $1300) less $4800 =[/QUOTE]</p><p><br /></p>
[QUOTE="EyeEatWheaties, post: 996705, member: 26972"]DING DING DING... There is a smart guy in the group! I would do it a bit differently. I like using the internet based bill pay options that Banks offer plus having access and flexibility with a slush fund is ... That $2100 could make ~$1500+ annually over the next 20 years when averaged by applying it to your mortgage. OR 48 months of $1200 payments that you wont have to pay. Take [B]WINDFALL[/B] money & put it in a separate account then set up an Automatic payment to be made every month towards the principal. On $2100 I would have a $100 sent sent each month. That will buy you nearly 2 more years to find additional "windfalls" to keep the extra payments going. You can always adjust the payments up or down. Sending $100 extra every month on a 6% $200k loan with 25 years left will have it payed off in ~21 years. Aprox.. (48mo x $1300) less $4800 =[/QUOTE]
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hypothetical question about what you do AFTER silver spikes or you sell...
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