I am constantly rethinking financial strategies hoping to be totally debt free (house and all) by 1/1/18 (6 years from now). Including the house mortgage and two car loans, we have a total of $237K in debt. We are already on our way to paying off our home by applying a total of $30K or more to the principal of the house. We owe 2.5 years on my husband truck loan and mine is only 6 months into a 5 year car loan. My plan is to pay extra on the car loan and pay it off also in 2.5 years (both car on the month and year). Then, I will apply the car and truck payment amounts to the mortgage to shorten the mortgage even more. What do you think?
What do you think?
January 25th, 2012 at 01:14 pm