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#1
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 Good for you triple J, it is one of lifes great feelings. Enjoy it and congrats to you and your whole family
__________________
Willy 1986 V20 Old School 1992 V20 1992 150 Yamaha 1997 HydraSport 2250 Vector 2009 17' G3 Outfitter "G Spot" http://www.youtube.com/watch?v=TDebw...eature=related "I won't be wronged, I won't be insulted and I won't be laid on a hand on. I don't do these things to others and I require the same from them" JW 
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#2
01-31-2008, 08:12 PM
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Now we can call you a HOMO______________________________________________ wner!
__________________
I have been through some terrible things in my life, some of which actually happened.
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#3
02-01-2008, 12:50 AM
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Congratulations, hope all works out well for you an yours! Theres nothing like owning your own home. Had mine for 19 years and rebuilt it and added on , did it all myself. It was built in 1917. Its kept me busy!
__________________
 77 V20 cuddy with 170 I/O Mercruiser 72 16ft. Carolina w/a 25hp Evinrude
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#4
02-01-2008, 08:00 AM
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Congrats!! I just bought my 2nd about 4 months ago really close to where I launch my boat when I take it out of the water. It may get stressful, but it is well worth it. Let the life long work begin. They always need fixin' or upgrading, it gets addictive, kinda like working on my boat.....
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Captain Jon
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#5
02-01-2008, 09:32 AM
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Quote:
__________________
 1994 Wellcraft V21
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#6
02-01-2008, 11:09 AM
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Not sure of your financial situation, but adding something extra to the payment will dramatically decrease the life of the note and the amount you ultimately pay. I added 200 a month to a 550 a month payment on a 30 yr note & paid it off in 11 years. I bought in 1990 & was mine in 2001. best of luck
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#7
02-01-2008, 11:43 AM
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Good advise P-Diddy. I have paid $100 extra per mo. on my 15 year note and it looks like it will be done in about 9 years.
__________________
*************************************** Stay Safe!  Sold - 1984 V-20 Cuddy with a 2003 Johnson 140 hp gas sippin 4-stroke. 1995 Ranger 250C with a 2015 Suzuki 300 hp 4-stroke.
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#8
02-01-2008, 11:44 AM
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Good advice, Phat. Even if you cannot add an extra amount as large as yours ($200/$550 = 36.36% more), simply paying 1/2 of the monthly mortgage payment every two weeks can reduce the term of a 30 year note down to about 21. By doing that, you actually make an extra monthly payment every year, and every time you can reduce principal it helps. For example, if mortgage payment is $1000 a month, you would pay $12,000 per year via traditional method, or $500 x 26 bi-weekly payments = $13,000 per year, with most of that extra $1000 per year going toward reduction of principal balance.
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#9
02-01-2008, 05:42 PM
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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...
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