Yeah, i realize that a 550 monthly payment now days is unrealistic. i'm paying almost 200 a month now in proptaxes & homeowners & i own the house, thats almost half of when i was paying P&I + taxes & ins.
also make sure you are directing the extra money go to the principal..I had a friend who was just sending in an extra payment with the coupon and they were applying it to principal & interest, not principal only...
|