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Whinge of the day thread...
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<blockquote data-quote="geof_junk" data-source="post: 663063" data-attributes="member: 1759"><p>In 1974 I wrote a program for house loans calculation on a HP programable calculator which I used for my house as well as family and workmates. When PC were released I converted it to Basic Language. What we found that most of the early years very little was paid of the principle. If you find out how much of your repayment per week is paying of you principle (remember it is a low number) and double it you will reduce your years of repayment by nearly one year per year. As the years go on the paid principle will raise and so will your wages/salaries enabling you to get way in front reducing your loan period and saving heaps of cash. The people that used this method thanked me heaps.</p></blockquote><p></p>
[QUOTE="geof_junk, post: 663063, member: 1759"] In 1974 I wrote a program for house loans calculation on a HP programable calculator which I used for my house as well as family and workmates. When PC were released I converted it to Basic Language. What we found that most of the early years very little was paid of the principle. If you find out how much of your repayment per week is paying of you principle (remember it is a low number) and double it you will reduce your years of repayment by nearly one year per year. As the years go on the paid principle will raise and so will your wages/salaries enabling you to get way in front reducing your loan period and saving heaps of cash. The people that used this method thanked me heaps. [/QUOTE]
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Whinge of the day thread...
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