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haele

(14,845 posts)

8. I did that as much as I could on my first house...

Reply to mopinko (Original post)

Sun Nov 9, 2025, 11:19 AM

Sunday

Mortgages are difficult when working an uncertain trade job where there's both a month or so period of overtime (yay!) and a couple weeks to a month of unemployment every year or two.
Taking in rent mates helps a bit, but not as much as it seems, because most of the time they're also trying to save up money to be able to dig themselves out of a hole, and a lot of their rent ends up being housekeeping during the OT times.

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mopinko

33 replies

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since we're talking about mortgages [View all] mopinko Sunday OP

true, Valon Mtg has a calculator showing how you save and how much shorter the loan is Shellback Squid Sunday #1

Most people never pay off a mortgage. MineralMan Sunday #2

At my age 70 crud Sunday #9

Unless the whole system goes to crap...... Hope22 Sunday #13

I agree. It's not easy, though, for working folks MineralMan Sunday #15

Sounds good! Sweat equity is definitely the key. Hope22 Sunday #20

Always do the math. MineralMan Sunday #27

I got a 30 year loan dsc Sunday #21

You probably won't keep that house. MineralMan Sunday #23

May well be the case dsc Sunday #30

I hate moving, too. It's a lot of work. MineralMan Monday #31

Excellent Points ProfessorGAC Sunday #24

Yes. You Have to Do the Math. MineralMan Sunday #26

This is a good reminder! Nittersing Sunday #3

i took an abatement during covid. mopinko Sunday #4

Extra payments Timewas Sunday #5

any little windfall, part of it shd b put to the mortgage. mopinko Sunday #6

This message was self-deleted by its author PeaceWave Sunday #12

it gives u more leeway to get an equity loan. mopinko Sunday #14

This message was self-deleted by its author PeaceWave Sunday #16

refi- no, it's not a non-factor. it's a direct factor. mopinko Sunday #18

Rule of thumb - one extra payment per year turns a 30-year mortgage into a 23-year mortgage hatrack Sunday #7

I did that as much as I could on my first house... haele Sunday #8

All this cheerful advice about mortgages, credit card debt, and car loans... hunter Sunday #10

+1 leftstreet Sunday #17

So for the first payment a week early and send $50. Extra to be applied to the principal questionseverything Sunday #11

Another interesting fact airplaneman Sunday #19

yup. i remember that being a thing a while back. mopinko Sunday #22

This message was self-deleted by its author PeaceWave Sunday #25

yeah, 2%. hardly worth it. mopinko Sunday #28

This message was self-deleted by its author PeaceWave Sunday #29

You must tell the lender it needs to be put towards the principle usedtobedemgurl Monday #32

my payment had a box for extra principal. mopinko Monday #33