Originally Posted by QBeth
Not to be a party pooper but have you considered putting that extra money towards the loan principal so you can pay off your mortgage sooner? I just refinanced and the money I'm saving is being automatically put towards the principal. That way, I'm hoping I won't have mortgage payment in my 70's!
Glad you have extra $$$. Hard to come by, these days.
Yes, we had thought of that. We have 20 yrs left, would save $2600. total in interest and 4 yrs on the contract. However, if I can get fabric, make quilts and sell them.......or use them as gifts for our 11 grandchildren and 5 children, I think we'd be ahead....:-D