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Author: Dwdonhoff Big gold star, 5000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127684  
Subject: Re: Paying forward vs. towards principal Date: 9/17/2012 4:34 PM
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It's done with auto loans all the time.
And therein lies a potential clue.....

Jennifer, are we talking about home financing on a modular home?

If so, it may *very* well be chattel financing (in essence, car loan terms,) in which case they may indeed be treating it exactly as they explained.

NONE OF WHICH MATTERS... as I explained, itsall a wash in the end as long as you don't fall asleep at the checkbook... and you'll eliminate it faster and safer if you aggressively save & build a side fund than attacking it directly.

Luck,
Dave Donhoff
Leverage Planner
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