Anyone paying extra to their mortgage?
DH and I talk about doing this. We have about 18 years left on our mortgage. DD will be college age in 12-13 years. It would be great to be able to have the house paid off while she is in college, or at least by the time she is done with school. DH will be 58 when DD is 22, so retirement at that time would definitely be doable, if we had things in order.
Right now, the income tax deduction for mortgage interest is helpful.
I need to find a calculator that would help us figure out how much extra to pay each month if we wanted to pay off the mortgage in, say, 16 or 17 years, or in 12-13 years. (Maybe Jeffrey and Nate have one here - will have to take a look.)
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