September 12, 2008

When we bought our house, we got an 80:20 loan. This means we have two separate loans, 20% of it is through Mountain America and 80% is through another company. We would like to completely pay off the 20% loan as soon as possible and have been making double or triple the payments. Well, I just found out that the money has not been going toward the principle. It is going toward the next payment. What a bummer! Anyhow, I called and the representative is going to try to fix it, but I don't trust them one bit. No loan holder will ever try to get out of getting more interest. Jerks!

Here's to us little guys!