Thursday, April 23, 2009

House Hunting

Well we have got the home loan, and we have started looking... It got me thinking we would be in our 60's when it got paid off!  So I looked at a calculator and if we paid an extra $300 a month that would take 16.5 years off our 30 year loan!!!   Which would mean we would be in our 40's with a paid off house.  

So I think we are going to go with a house that was lower with payments that are about $300 or so less than what we can afford to pay and then use the extra for a principal payment each month, this way we can start paying for our daughter's college with that money we would normally pay in mortgage.    

I don't know sounds too easy

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