Quote:
Originally Posted by nik-
Yeah, when my interest rate went down I left the payment the same and it's making a serious dent on my principle.
You've already burnt that payment amount into your head and adjusted your lifestyle around it, so unless your employment situation has taken a dip, just keep on plugging at the same payment imo.
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A great way to pay off a mortgage quickly. We do the same and it's surprising how easy it is. We already have budgeted a certain amount in the past so when it's time for renewal and payments are lower we just keep them the same and the extra goes on the principal