The Cellar - View Single Post - LJ: credit crunch affecting consumers yet?

glatt · 05-13-2010, 07:27 AM

I was talking about this to my wife last night, and apparently they send quarterly statements on the mortgage. Those statements include a coupon to use if you want to make an extra payment to be applied to the principle. So I think we'll probably go with the 20 year note, do automatic deductions for the exact amount, and just use those coupons each quarter to make an extra principle payment with a check.

It's nice to have the choice be between different good options. That never seems to happen. Usually it's "Do you want the shit sandwich or the shit soup?"

05-13-2010, 07:27 AM	#1
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	I was talking about this to my wife last night, and apparently they send quarterly statements on the mortgage. Those statements include a coupon to use if you want to make an extra payment to be applied to the principle. So I think we'll probably go with the 20 year note, do automatic deductions for the exact amount, and just use those coupons each quarter to make an extra principle payment with a check. It's nice to have the choice be between different good options. That never seems to happen. Usually it's "Do you want the shit sandwich or the shit soup?"