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Can you give me some financial advice on paying off our house?
Asked by Dutchess_III (46842)
December 13th, 2015
We recently came into a fairly substantial sum of money, $55,000, that will allow us to pay off the house, except for about $20,000. Figure we’ll take a regular loan at the bank to pay that bit off.
My husband brought up a good point. He said that when I pay it, do it in two installments. Instruct them to pay off the interest that is owed on the last two months (we’re 2 months past due) and a second payment, with instructions to put that toward the principal.
This sounds like sound advice to me. What are you thoughts? And do you have any other suggestions?
I gotta tell you, I’m so excited I’m about to pee my pants! To flow into retirement with the house paid off!! ZOMG!
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