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Old 01-22-2009, 05:31 PM
 
Location: Long Island
9,531 posts, read 15,881,015 times
Reputation: 5949

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finished 6 of 30 years, but it doesn't much matter as we're going to be moving... another 30 years, here we come.
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Old 01-22-2009, 05:36 PM
 
6,384 posts, read 13,156,915 times
Reputation: 4662
If you dont mind me asking..you moving off the island or just trading up here on LI?

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Originally Posted by rh71 View Post
finished 6 of 30 years, but it doesn't much matter as we're going to be moving... another 30 years, here we come.
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Old 01-22-2009, 06:43 PM
 
7,928 posts, read 9,150,257 times
Reputation: 9340
Done. Paid off a 30 in 15 years. All the people I know thought I was crazy, should have put that extra money in the stock market. Needless to say, I'm quite happy I didn't follow their advice.
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Old 01-22-2009, 10:50 PM
 
Location: Inis Fada
16,966 posts, read 34,712,359 times
Reputation: 7723
I have a 30 upon which I have been making extra payments. Paid down for 13 years so far, should be done in 4 more.
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Old 01-23-2009, 05:17 PM
 
Location: Huntington
1,214 posts, read 3,643,290 times
Reputation: 873
Everyone would be able to pay off their mortgages faster if they made 13 payments instead of 12 each year.
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Old 01-23-2009, 06:14 PM
 
Location: Northwestern Michigan
939 posts, read 2,680,990 times
Reputation: 411
One thing Long Island was good for, I moved away 5 years ago and haven't had a mortgage since. Made $500k selling our house in Smithtown at the perfect time It's a great country beyond those bridges & tunnels, if you can get through them
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Old 01-23-2009, 07:53 PM
 
51 posts, read 207,576 times
Reputation: 22
I took a 15 year. I'm in it 9. So six years and I'm done.
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