Comments on: How Much Of Your Mortgage Payment Goes Towards Loan Principal?

By: uk finance

uk finance — Wed, 23 May 2012 20:02:02 +0000

I think my current mortgage rat is less than 4%, the rate is low and there are many restrictions on banks and mortgage companies so they cannot charge you too much in fees. You can get more information on mortgage rate when you check this resources

By: Mortgage Loans

Mortgage Loans — Wed, 23 May 2012 07:20:00 +0000

To get the mortgage loans are also possible nowadays. I want to ask one thing that is mortgage interest tax deductible? Should I meet with any of the consultants to get more details on mortgage loans interests.

By: Chase

Chase — Mon, 07 May 2012 03:56:15 +0000

Sorry I meant $20k not $20

By: Chase

Chase — Mon, 07 May 2012 03:54:37 +0000

I am a little confused. We pay a little under $1000 a month and our interest rate is 4.75 we still owe $110k on the house. My wife has money saved (about $30k) and wants to invest it, we were thinking about buying a 2nd home to rent out but that opens up all sorts of new problems. Would it be better to just put like $20 toward the principal or to make $400 a month extra payments for 4 years?
Also how does changing payments from monthly to biweekly help?

By: Carolyn Stephens

Carolyn Stephens — Tue, 24 Apr 2012 18:11:33 +0000

I have reduced my mortage considerably too in last year, I have followed some tips found on the web and form this post too, is great seeing your money "grow" every month that way.

By: ArthurPeel

ArthurPeel — Thu, 19 Apr 2012 09:32:25 +0000

Thanks for the post, it's good to get a reminder that I'm actually spending that $400 wisely, even if it doesn't always feel like it.

By: James Miele

James Miele — Mon, 16 Apr 2012 11:23:40 +0000

The interest rates on mortgages are really high and we usually overpay a lot. Once I have calculated the amount I overpay with my mortgage and it was really huge. However, we have nothing to do except taking home loans in order to buy a house as there is no opportunity to buy it for cash.

By: seo nottingham

seo nottingham — Fri, 06 Apr 2012 09:45:18 +0000

I think it's not that important how much mortgage payment goes towards loan principal.

By: Remortgagesearch

Remortgagesearch — Tue, 27 Mar 2012 09:55:15 +0000

Interesting post; with the plethora of interest only mortgages it shows how important it is to ensure the borrower has a repayment vehicle in place.

By: waterproof camera

waterproof camera — Mon, 27 Feb 2012 15:19:30 +0000

This post seems to get a large ammount of visitors. How do you get traffic to it? It offers a nice unique spin on things. I guess having something real or substantial to post about is the most important factor.