Forum Discussion
Desert_Captain
Aug 01, 2019Explorer III
time2roll wrote:
Congratulations on the hard work and diligence!
Seems to be a big mystery how to pay a 15+ year loan off well before the due date.
The approach that I took for 6 years was that anytime I could set aside some extra money I would put it towards principle reduction. Making double payments cuts the term in half but anything you can throw at the principle is money back in your pocket.
Not many 4.99 percent CD's to found out there these days but every time I sent them an extra thousand or two that was what I was getting no fees, no fuss no muss... just a couple of grand that I would not be paying 4.99 on.
Recently paid $8,450 for a nice 2017 Polaris RZR and what a coincidence... pretty close to what I saved in interest on the coach. Yep, we always find a way to spend whatever we save but sure do have a lot of enjoyment out of my toys.
:B
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