Best Blu-ray Movie Deals


Best Blu-ray Movie Deals, See All the Deals »
Top deals | New deals  
 All countries United States United Kingdom Canada Germany France Spain Italy Australia Netherlands Japan Mexico
The Prestige 4K (Blu-ray)
$22.99
1 day ago
John Wick: Chapters 1-3 4K (Blu-ray)
$25.60
 
Rita Hayworth: Ultimate Collection (Blu-ray)
$18.99
11 hrs ago
The Golden Child (Blu-ray)
$16.99
21 hrs ago
Runaway Train (Blu-ray)
$19.99
1 day ago
Neo Ultra Q (Blu-ray)
$8.99
22 hrs ago
Wonder Woman 1984 3D (Blu-ray)
$28.99
 
Supernatural: The Complete Series (Blu-ray)
$289.99
 
Ultraman Taro: The Complete Series (Blu-ray)
$18.99
21 hrs ago
Monster Hunter 4K (Blu-ray)
$24.99
 
Kuffs (Blu-ray)
$16.69
16 hrs ago
Krull (Blu-ray)
$5.99
12 hrs ago
What's your next favorite movie?
Join our movie community to find out


Image from: Life of Pi (2012)
Old 12-11-2015, 09:58 PM   #1
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default Mortgage Killer

I have $160,000 of mortgage and I plan to slay this evil thing in 10 years starting next year.
  Reply With Quote
Thanks given by:
atlantajoseph (01-08-2016), Omegaice (06-30-2016), UK_fan_05 (12-11-2015)
Old 01-08-2016, 01:59 AM   #2
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

Who else wants to join the Brotherhood of Mortgage Slayers?

I am starting the New Year and this thread with a big Bang for the bucks.

Mortgage Principal slayed : $15,000
Mortgage Principal balance : $145,000
  Reply With Quote
Old 01-08-2016, 02:08 AM   #3
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

This is the best time to lower 401K contributions and increase mortgage payments. I have decreased mine to 8% contribution and will switch the benjies to mortgage slaying.
  Reply With Quote
Old 01-08-2016, 02:17 AM   #4
atlantajoseph atlantajoseph is offline
Expert Member
 
atlantajoseph's Avatar
 
Feb 2010
Atlanta
21
569
291
322
4
2
5
Default

I slayed a 30-year in 10 years. You can do it. Tips from experience:

1. GET ONLINE ACCESS to your mortgage account and check your balance there frequently.
2. Make extra principal payments ONLINE to your bank. Specify that these extra payments are for principal and confirm they are being applied that way!
3. Throw any and all extra money toward the principal. Because you hopefully have online access, you can do this as whims strike.
4. IMPORTANT: Bear in mind that this is part of a larger puzzle. If you have high interest credit card debts, lack of emergency savings, etc., consider those things seriously as they may need to take first priority. You really need to have things in order before going this route. The last thing you want is to have paid off half your principal and then some emergency strikes and you are stuck with some equity but can't eat, pay important bills, etc. THE MORTGAGE WILL KEEP until you are fully prepared and ready to take action to SLAY it.

(Edited to add: I am not a professional advisor, please do your own research, yada yada)

GOOD LUCK!

Last edited by atlantajoseph; 01-08-2016 at 02:30 AM.
  Reply With Quote
Thanks given by:
Blu-Ray 3D President (01-09-2016), Omegaice (06-30-2016), The Great Owl (07-06-2016)
Old 01-09-2016, 02:16 AM   #5
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

^All awesome tips. Congrats for slaying your mortgage monster and in 10 years at that! Wow!

Also targeting for 10 years.
  Reply With Quote
Thanks given by:
atlantajoseph (01-09-2016)
Old 02-13-2016, 03:09 PM   #6
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

Quote:
Originally Posted by Blu-Ray 3D President View Post
Who else wants to join the Brotherhood of Mortgage Slayers?

I am starting the New Year and this thread with a big Bang for the bucks.

Mortgage Principal slayed : $15,000
Mortgage Principal balance : $145,000
Happy Hearts Day!!

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $144,000
  Reply With Quote
Old 02-25-2016, 01:24 AM   #7
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

Quote:
Originally Posted by Blu-Ray 3D President View Post
Happy Hearts Day!!

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $144,000

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $143,000
  Reply With Quote
Old 03-14-2016, 04:58 AM   #8
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

Quote:
Originally Posted by Blu-Ray 3D President View Post
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $143,000
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $142,000
  Reply With Quote
Old 03-26-2016, 04:54 PM   #9
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

Quote:
Originally Posted by Blu-Ray 3D President View Post
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $142,000
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $141,000
  Reply With Quote
Old 04-23-2016, 10:13 PM   #10
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

Quote:
Originally Posted by Blu-Ray 3D President View Post
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $141,000
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $140,000
  Reply With Quote
Old 04-24-2016, 06:29 AM   #11
Evil Evil is offline
Contributor
 
Evil's Avatar
 
Jun 2012
USA 🦅
5
-
-
-
-
-
101
107
Default

I think you should take a week or two off to reward yourself. Imagine all the cool BDs you could buy...

  Reply With Quote
Old 05-01-2016, 04:58 AM   #12
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

Quote:
Originally Posted by Evil View Post
I think you should take a week or two off to reward yourself. Imagine all the cool BDs you could buy...

Oh wow the rare smile. Thanks for sharing.
  Reply With Quote
Old 05-01-2016, 04:59 AM   #13
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

Quote:
Originally Posted by Blu-Ray 3D President View Post
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $140,000
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $139,000
  Reply With Quote
Old 05-22-2016, 01:19 AM   #14
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

Quote:
Originally Posted by Blu-Ray 3D President View Post
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $139,000
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $138,000
  Reply With Quote
Old 06-30-2016, 02:33 PM   #15
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

Quote:
Originally Posted by Blu-Ray 3D President View Post
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $138,000
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $137,000
  Reply With Quote
Thanks given by:
Omegaice (06-30-2016)
Old 07-06-2016, 07:33 PM   #16
Louisville Slugger Louisville Slugger is offline
Blu-ray Samurai
 
Louisville Slugger's Avatar
 
Oct 2007
Shrewsbury, MA
58
18
832
3
Default

I see no reason to pay off my mortgage extremely early. My rate is so low that it would make more sense to invest the difference. You would need to be disciplined enough to do this. With that said, I am still paying an additional $115 towards the principle of my mortgage which shaves off 6 years, 8 months.

Everything in moderation I guess.

Congrats to those who have paid off their mortgage already and those who are prepaying additional amounts towards the principle,
  Reply With Quote
Thanks given by:
Omegaice (01-25-2017)
Old 07-06-2016, 07:52 PM   #17
The Great Owl The Great Owl is offline
Blu-ray Archduke
 
The Great Owl's Avatar
 
Dec 2012
Georgia
361
4969
31
255
5
Default

I bought my first home exactly a year ago. My monthly payment, with mortgage, property tax, and insurance, comes out to $781. From the beginning, though, I've been paying $900 each month, with the money taken automatically out of my bank account and the extra $119 going to principle.

$900 is a simpler number than $781, and it's usually not a stretch for me to pay that extra amount, so I decided just to get used to it and to think of it as the required amount.

This will enable me to have my mortgage paid off in 21 years or so, instead of in 30, and it gets me more equity in the place.
  Reply With Quote
Old 08-01-2016, 12:26 AM   #18
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

Since stock market is at their peak right now, there is higher propensity to deliver less than the average 8% annual ROI so concentrating on debt interest payment reduction makes more sense now.

The Dow in 2015 yielded 0 growth, so to average 8% the Dow must hit a growth of 16% in 2016. The jury is still out there for end of 2016 but right now it doesn't look good.

That is why I want to take advantage of putting my extra money towards debt reduction.
  Reply With Quote
Old 08-01-2016, 12:27 AM   #19
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

Quote:
Originally Posted by Blu-Ray 3D President View Post
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $137,000
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $136,000
  Reply With Quote
Old 08-25-2016, 01:27 PM   #20
Blu-Ray 3D President Blu-Ray 3D President is offline
Expert Member
 
Jan 2011
2
80
Default

Quote:
Originally Posted by Blu-Ray 3D President View Post
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $136,000
Mortgage Principal slayed : $1,000
Mortgage Principal balance : $135,000
  Reply With Quote
Reply
Go Back   Blu-ray Forum > Entertainment > General Chat > Member Personal Pages


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 04:47 AM.