Comments on: Paying PMI on mortgage and doing snowball debt reduction? http://debt-reductionhelp.com/paying-pmi-on-mortgage-and-doing-snowball-debt-reduction.html Debt Reduction Help Information Guide Mon, 21 Feb 2011 23:11:03 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: MVD34 http://debt-reductionhelp.com/paying-pmi-on-mortgage-and-doing-snowball-debt-reduction.html/comment-page-1#comment-147 MVD34 Sat, 27 Jun 2009 11:33:00 +0000 http://debt-reductionhelp.com/paying-pmi-on-mortgage-and-doing-snowball-debt-reduction.html#comment-147 No, you are taking the simplicity of Dave's plan and over thinking it into a complicated mess. Follow the plan. Dave's plan works for most people because it applies the basic rules of finance in a straight forward way so that they can follow it. That is, so they don't have to know or understand all the complex rules behind why it works. In the first place, you are five years out. Way, way too far to worry about such things. When you are five years in, you will likely understand the answers to your own questions. In the second place, you aren't getting any "equity" on your mortgage interest payment either...which is significantly larger than you PMI payment every month...isn't it...? Don't miss the forest for the trees. No, you are taking the simplicity of Dave’s plan and over thinking it into a complicated mess.

Follow the plan.

Dave’s plan works for most people because it applies the basic rules of finance in a straight forward way so that they can follow it. That is, so they don’t have to know or understand all the complex rules behind why it works.

In the first place, you are five years out. Way, way too far to worry about such things. When you are five years in, you will likely understand the answers to your own questions.

In the second place, you aren’t getting any “equity” on your mortgage interest payment either…which is significantly larger than you PMI payment every month…isn’t it…? Don’t miss the forest for the trees.

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