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Every month I adjust my mortgage amortization spreadsheets to see how they are affected. I know it's kind of weird but I like to see those months drop off the end. I have 8 different mortgage repayment plans from the shortest, 3 years and 4 months to the longest, 13 years. And then there are the ones in between. There's one if the house is rented out for 1 year, 2 years, 3 years...There's one if I move back in and don't pay any extra...There's one if I only rent it out one month a year during the tourist season. You get the idea. I have a plan for all of them. Hopefully, one of those plans will work!
2 comments:
It all sounds very complicated! Good for you though for paying some more back.
I like to have back up plans for my back up plans! That way I don't get too discouraged:)
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