A California native transplanted in southern Illinois.I currently owe $184,133.12 on my mortgage. I have a 30 year loan, fixed at 5.25%. The principal and interest portion is $1060.23. Most months, I round my payment up just a little. I have made 32 payments, and by prepaying have eliminated the very last scheduled payment, and have reduced the next to last scheduled payment to $783.02.
Like most people, my house is worth less than I owe on my mortgage.
Mortgage
December 5th, 2010 at 06:39 pm