We do like UltraDog... we always pay extra. In fact, when we get our land rent each spring, we make our principal (plus extra principal) and interest payments for the entire upcoming year... which lowers are principal balance BOOM.
We have them put our interest payment for the upcoming year into a Funds-Held account and then they pull the interest when due each month (and our money earns interest while sitting in the Funds-Held account....more than the half percent it would earn in a savings account).
We nearly had our farm paid off once... then we tiled our land. BUT we get higher rent for tiled land AND we should still be able to pay-off the mortgage before we retire...God willin'.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
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