So my husband (29) and I (29) purchased our first home last year! We were excited as it is a new build and getting to pick the lot and seeing our house go from nothing to our home was fun! So we got a 30-year loan and gave a down payment and basically, our mortgage is $648 a month but we pay an extra $200 every month because we think this will lower our loan amount. I told my mom and she said that was fine but as someone who owns multiple homes, she told me to just give the $648 a month and out the extra $200 in a savings for when we refinance. I spoke to one of my uncles (also a multiple homeowner) and he told me the same thing. I wanted to ask you guys your thoughts on this! Should we keep giving the extra money or move that to a savings?
Submitted December 01, 2021 at 09:03AM by PossibleDoughnut https://ift.tt/3obbK56
