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From: Robert Neville on 9 Feb 2010 08:45
Stan Brown <the_stan_brown(a)fastmail.fm> wrote:

>But the word is principal, not principle!

Too late at night and fighting flu for past 3 days. You are correct! Cusion
should have been cushion as well.
From: SMS on 21 Feb 2010 19:32
Robert Neville wrote:

> Given the historically low mortgage rates these days, paying off your mortgage
> early should take back seat to paying off car loans, credit cards and building
> up your personal cash cusion.

This is true, but the savings interest rates are even lower than the
mortgage rates. For a cash cushion you can get a HELOC, while paying
your mortgage off as quickly as possible.

Amazing to recall that simple savings accounts used to pay 5.25%
interest _and_ mortgage rates were 4.5-5%. Nowadays you see banks
boasting about 2% interest on CDs.
From: SMS on 21 Feb 2010 19:37
Bill wrote:
> If a mortgage payment is due on the 30th of each month, is there any
> advantage to paying it on the 1st of each month?
>
> (Pay earlier than the due date each month)

No. It will not save you any money.
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