The Front Porch Swing
- Thread starter Beekissed
- Start date
Hey as an ex real estate broker I can give you a few ways on how you can reduce the amount of interest you pay on any loan.
One ask for an amortization schedule from your bank, it shows you how much of each payment goes to the interest and principle, double if you can the amount of principe by adding the amount to your payment each month and write "for principle". Second, instead of one payment each month, divide your payment and pay every two weeks the same amount, you will pay extra over time but it reduces the loan. 3 at the end of each year pay a single lump sum directly to principle it can literally cut your loan owed in half just in one extra payment. People dont realize that for about 15+ years of a 30 yr loan literally nothing goes to what you actually owe, your paying the bank its interest first! Sadly, I saw many people lose their homes and it made me sick. One reason I moved here. I didnt want to end up like my parents and grandparents with nothing when I was old. Since I worked with many who didnt use interest or had no credit history I learned tricks of the trade and I shared this info with my clients. Every person I helped buy a house still lives in them.
Here im looking for an older style, lets say design can be horrible lets not talk colors of paint or tiles. Im looking at least170 meters or over 1800 sq ft for the house and 500 meters minimum for land. Sadly many feel with the hope of a National Cup in Soccer stadium being built in town that land which was under 100 a hectare is now going for millions. So I have to look farther inland. Right now I can walk to the Mediterranean Sea in about 5 minutes. I want enough land for a few meat animals and hope that my daughters find suitable men with land when they marry. But im not suposed to be online too much to conserve what little we have left. If you need more info leave me a PM.
One ask for an amortization schedule from your bank, it shows you how much of each payment goes to the interest and principle, double if you can the amount of principe by adding the amount to your payment each month and write "for principle". Second, instead of one payment each month, divide your payment and pay every two weeks the same amount, you will pay extra over time but it reduces the loan. 3 at the end of each year pay a single lump sum directly to principle it can literally cut your loan owed in half just in one extra payment. People dont realize that for about 15+ years of a 30 yr loan literally nothing goes to what you actually owe, your paying the bank its interest first! Sadly, I saw many people lose their homes and it made me sick. One reason I moved here. I didnt want to end up like my parents and grandparents with nothing when I was old. Since I worked with many who didnt use interest or had no credit history I learned tricks of the trade and I shared this info with my clients. Every person I helped buy a house still lives in them.
Here im looking for an older style, lets say design can be horrible lets not talk colors of paint or tiles. Im looking at least170 meters or over 1800 sq ft for the house and 500 meters minimum for land. Sadly many feel with the hope of a National Cup in Soccer stadium being built in town that land which was under 100 a hectare is now going for millions. So I have to look farther inland. Right now I can walk to the Mediterranean Sea in about 5 minutes. I want enough land for a few meat animals and hope that my daughters find suitable men with land when they marry. But im not suposed to be online too much to conserve what little we have left. If you need more info leave me a PM.
Valentine would be very welcome. I have apple treats for him (the cows love them too)!
When I got my adjustable rate mortgage back in 1988 for my eensy house here in San Digeo... 3 bed 1 bath no garage... I got the Principal and interest on every bill. Principal was 50 interest was the rest of 600 bucks I doubled the principal each time ..... and it would vary. There was no option to split a payment into two halves.... Unfortunately....
An additional way to slim down the bill paying is to Take your highest interest loan.... Uusally a credit card. Work hard paying it off paying a little extra each time if you can. Once that bill is paid. Say it was 25 dollar per month bill. Take that 25 dollars per month and add it to the next bill payment that needs to be paid off. YOur monthly payment out lay will stay the same Yet you will pay off your bills in a much much abbreviated rate.
Now once the bills are paid.... Take that total monthly amount and add it to your mortgage principal. The beauty of this is its flexible you arent locked into higher payments.
I learned this when i heard some people I was working with had more than 25,000 in credit card debt.... ONe fellow discovered this and applied it
deb
Last edited:
- Mar 1, 2013
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No, I guess we need a Texan for that!
Hey rrrmamma, great news. I thought and was hoping she would come back to her buddy and some feed. Is the one that is inside your pasture broke to lead? If she is walk her down to the gate and see if the one on the outside will follow her. Might ought to take a chair with you and give her plenty of time. Well... make sure the chair doesn't freak them out. LOL You might can lure the one in with the other. If the one isn't broke to lead just start feeding her by the gate. The other one will finally come and wish the heck she was in there eating too. When she does just open the gate while the one is eating and the other should walk in. Don't feed the one too close to the gate - don't want her to decide to take off when you open the gate. If all else fails, when she has that calf kidnap it and take it into the pasture and she will follow. But be careful and don't let her get you over that baby. Calm patience... Good luck!
I am drinking an Arnold Palmer watching the Thermometer rise to almost a hundred degrees out side. The winds are blowing from the north east turning the palm trees backwards on themselves.
Nope the AC isn't on just a fan to circulate air for me by my computer. But if I had a lounge chair I would be out Under the patio snoozing in the shade.
Life in Paradise.
deb
Nope the AC isn't on just a fan to circulate air for me by my computer. But if I had a lounge chair I would be out Under the patio snoozing in the shade.
Life in Paradise.
deb
Arnold Palmer? Ingredients pls?
- Mar 1, 2013
- 4,292
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Deb I love where you live. A 100' here is pretty miserable. What is your humidity there? Usually when it gets 100' here the humidity gets to around 80% and you suck air and can't breathe. LOL
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