Well, you are paying more towards the house but in chunks. If you do it right, you pay towards your principle and skip the interest. Even a credit card with a high apr saves you money over the amortized rate on a morgage. I would rather pay 500 in interest for 6 months on a credit card to save almost $4000 in interest on the morgage. Every 6 months you repeat. In my case it could save me 90k in intrest and instead of paying the morgage for 30 years, it could be paid off in 5-7 years. The more I learned about Volecity Banking the more excited I got. You can use VB with any debt. I just need the right tool for the job.
I have a relationship with Canvas Cu from Denver and am establishing one here in WA with STCU. Whom ever treats me the best going foward will earn my business.
I may or may not apply for a second card from Navy as I want some HP to drop off. I will ask for my cli after my third statement. I may re-app in 6mo for the cloc or I may app with Penfed and the ploc. Penfed doesn't like me though, i turned down a loan from them and they denied me for a CC after that. They love my wife though and throw money at her like she's a stripper.