Quote:
Originally Posted by Sethseekstruth
paying off a big chunk or the mortgage, or putting the cash into a refi, would entice me, but if real estate craps out haven't i then thrown it away?
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This isn't directed at you personally, but it completely flummoxes me when people don't seem to realize that house they bought for "$350,000" will end up costing them $1,000,000 at the rate they're paying it off ... Put everything you can afford into paying back your mortgage ASAP. Until you do that, you're not a homeowner; you're renting from the bank. Even a few hundred extra here and there, whenever you're able, can save you tens of thousands over time. Start looking at the price of everything you buy and double or triple the cost in your mind. That $2000 Plasma TV could knock $6000 off your total mortgage payments instead.
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