KT
👤 SpeakerAppearances Over Time
Podcast Appearances
And she, she got this at 2.25% for 30 years.
Okay.
Now here's what she's saying.
Susie, it feels like it's taking forever to pay off my home.
The principal has barely gone down.
I've been making an extra hundred dollar payment each month against the principal.
I know my interest rate is low and that the cash plus is a higher interest rate than my mortgage rate.
but I feel like you cannot put a price on being free from debt and owning your home outright.
Because I'm living comfortably, I'd like to use my extra money from the Cash Plus account to put extra payments toward the principal.
And then she said, ready, Susie?
This is the big question.
I'm thinking of putting an extra $20,000 a year towards the mortgage.
Is this a good idea?
Yeah, and also she's so young.
Right.
Okay.
Next is from Karen.
Again, this is another HELOC question, Susie.
I'm sure the answer to my question is simple, but I'm confused anyway.
Okay.