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  • JOE December 25, 2008, 5:39 pm

    You as well, John. A very nice metaphor……

  • JAL December 25, 2008, 5:38 pm


    Thanks for all your hard work at shining a flashlight into the roach infested world of MMA’s.

    Happy holidays,

  • Mark Imboden December 26, 2008, 2:50 pm


    I must be one of the 100 you sent this to about 6 months ago. I really appreciate it. I have sent it to quite a few friends so hopefully they have visited your web site also.

    Do you have this same spreadsheet for a 15 year amortization or can this one modified for one?


    Mark in Naples

  • Late2Game December 27, 2008, 12:28 am

    I enjoyed the Einstein quote (I can’t count how many agents’ sites and slide shows I’ve seen him quoted in…) Also, your spreadsheet reminds me of the Loan Amortization template that comes with Excel. Have you seen it? For those interested, if you select “New…” then “Templates On My Computer” then the “Spreadsheet Solutions” tab, you will find a nifty Loan Amortization template. And it is free, too.

    Although some of your readers may not be as comfortable with spreadsheets as others, they can rest assured that this “exercise” is to shine the flashlight on the incorrect statement that “the MMA is the fastest way to zero”.

  • JOE December 27, 2008, 8:12 am

    Mark – thank you for the kind note, I’m updating the sheet to show a 15 year mortgage, and sent you a draft copy. Final version will be posted hear shortly after the new year.

  • JOE December 27, 2008, 8:19 am

    Late – I’ve seen the excel template versions. The one larger feature mine added is to show the “interest canceled” on a running basis. I also make the extra principal payments as easy to enter as possible. I created my version in response to “you can’t do this on your own” which so many agents spout.
    Of course, the sheet, any sheet, is only for tracking purposes. You can make prepayments and just be kept up to date when your bank sends the annual mortgage statement at tax time. Thank you for visiting!

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