Posted by Al Baker on March 08, 2014 at 06:29:28 from (96.42.135.158):
In Reply to: paying off mortgage posted by austin carpenter on March 08, 2014 at 06:18:21:
Doesnt matter how little your interest payment is. Pay it off as fast as your wallet will let you. What if the place you work at closes, or you get hurt or sick and your income stops? What if the economy crashes again? Pay it off, then the amount you pay each month will be yours to keep, not give to the bank. Difference between a 30 year and fifteen year pay off is 12%. If you can add 12% more to each payment you will save paying 3 years worth of money. That sure would buy a handfull of old tractors and paint.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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