Quote:
Originally Posted by GP_Matt
I don't have time to calc it all out, but your math doesn't work. If you can pay 10% a year, that is in addition to the normal mortgage payments that you are paying. On a $100 000 mortgage at 3.99 percent with 10k lump sum payments you will pay off the entire mortgage in about 7 years.
|
I had even less time as I was already late out the door for work. I didn't bother with am. as even without inlcuding it one sees how small of a mortgage is left with the paydown.