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In a short sale the bank does not care how much extra $$$ you paid
In a short sale the bank does not care how much extra $$$ you paid.
There is always a gimmick out there.   Many have heard that one should pay extra $$$ to pay off their mortgages quicker.  The problem is if you end up in a difficult situation through not fault of your own then and you start facing pre-foreclosure and a short sale issues and  the bank does not care how much extra $$$ you paid on your mortgage in the past.
Because of the economy of the recent,  years I feel it is  a good idea that any extra funds you have, to put it into a separate account just in case something happens.  
For example,  for 5 years you put an extra payment aside in a separate account then you would have five months payment plus interest. 
In year six your employer reduces your hours, or  you have have to take time off because you or a family member is ill, or worse you loose your job.  Then you will have 5 months payments already set aside to assist you through the difficult period. 
If you are able to get to save more monthly  payments then when ... more

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