Sentences with phrase «put against the principal»
Still, this doesn't mean you'll immediately see more money in your pocket (or in this case, put against the principal of your mortgage).
http://www.moneysense.ca/ Not exact matches
They have $ 500 per month of additional funds to apply to the mortgage, and have put the «rainy day funds» of $ 50,000 in liquid investments against the mortgage to reduce their principal.
If your goal is to find a cost effective balance, you should determine the sweet spot where each payment pays down more principal than interest (25 years or lower amortization) and invest the money you would have put against the mortgage into a higher yield option.
What Dr. Gurner didn't realize is that while her payments were, indeed, more manageable, she was only paying against interest, not putting a dent in the principal balance she owed.
I would personally keep a little bit and put the rest against the mortgage principal.
The strengths of the school in our experience has been Sarah s teacher (I d put her against any kindergarten teacher in the nation) the great community of parents who wait outside for their kids each day a responsive Principal and a warm energy.