thanks Scott .. this is all very helpful
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Originally Posted by ScottKuma
That's fine, IF you have the discipline to pay the extra every month.
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I would totally be worried about falling into a routine of just paying the interest.
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Originally Posted by ScottKuma
So, while I'm paying more in interest now, I am putting money towards the principle of the loan itself. This increases my net wealth...it's like putting it into a savings account!
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This all makes more sense to me now. There is so much info out there for first time home buyers its so hard to wade through it all
.. Thanks for the help