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Originally posted by Randomsaver
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Mortgage Principal : $116K 
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Mortgage Principal : $115K
Kill the debt, before it kills you! -
Joining in on Mortgage Countdown
Just joining in on these forum things. Been reading the information on this site for awhile.
My Mortgage currently has 19y3w left.(According to Bank). Started this process of buying a house 3 years ago, 25 year mortgage. Have reduced it by 23 weeks over the last 4 months(was at 19y40w on July 22).
Started buying house when I had a good paying job. Was laid off a year after I started buying the house. Had a couple different jobs over the last couple years, that just managed to let me pay my bills. So for awhile was only making payments. Now have a good paying job, so I am able to make extra payments again.
Hoping to have mortgage paid off in 10 years from now, if all things go as planned.Comment
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That's a great plan, GT. Targeting 13 years of payment for a 25-year mortgage.Originally posted by Guppy Tender View Post
Kill the debt, before it kills you!Comment
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We are at $37,263.75.Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.Comment
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$2600 additional principal payment this month, good to knock out 5 amortization payments. Usually I double the payment at $1470 but a bit extra was left over this month. About 5 years left give or take on the mortgage.Gunga galunga...gunga -- gunga galunga.Comment
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Great updates guys! Keep at it!
Kill the debt, before it kills you!Comment
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It's been quite a trip to get from here :
to here :Originally posted by Randomsaver View PostI'm kicking off 2015 with a psychological tactic : Forget the total debt balance for now and just focus paying on a smaller portion of it.
So my new debt amount I will be focusing on is . . . . $43,000.
I plan to pay this in 2.5 years.
Focused Debt : $43K
Focused Debt : $0K
It really helps compartmentalizing the big amount into smaller chunks psychologically so much so that I am going to start another one, albeit smaller so that it's FUNNER.
I'm starting it Nov 2016 and targeting to complete April 2018.
Focused Debt : $28KKill the debt, before it kills you!Comment
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Current Status
Well I made another extra payment, got rid of another 7 weeks. The house is now set to be totally paid off in 18 years and 46 weeks. On track.Comment
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If we are able to stick to our plan, we will have our mortgage paid off in 2022.Comment
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It's great to have a plan, but dont get stressed out if you have to alter it. Life does happen. Stay encouraged !Originally posted by StormRichards View PostEverything happens for a reason. Sometimes that reason is you're stupid and make bad choices.
Current Occupation: Spending every dollar before I dieComment
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Let's do it!Originally posted by Randomsaver View PostIt's been quite a trip to get from here :
to here :
Focused Debt : $0K
It really helps compartmentalizing the big amount into smaller chunks psychologically so much so that I am going to start another one, albeit smaller so that it's FUNNER. I'm starting it Nov 2016 and targeting to complete April 2018.
Focused Debt : $28K
Focused Debt : $27K
Kill the debt, before it kills you!Comment
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Focused Debt : $26KOriginally posted by Randomsaver View PostLet's do it!
Focused Debt : $27K
Kill the debt, before it kills you!Comment
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Made last scheduled payment of the year today.
New Balance $79990.37
Something about getting under 80K makes me smile!!!
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Great job TFQ!! Did you do anything special to reduce the debt? Like the snowball method or hunting for extra money to pay off the balance?Originally posted by tqf258 View PostMade last scheduled payment of the year today.
New Balance $79990.37
Something about getting under 80K makes me smile!!!james.c.hendrickson@gmail.com
202.468.6043Comment
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The last thing we did was refinacne to a 10 year mortgage about 4 years ago.Originally posted by james.hendrickson View Post
We just cash flowed about 40k in upgrades (Roof, AC, Floors and Repainting)
I hope to save enough for a lump sum payoff in the next year or so. Goal is to have it paid off before we turn 40.Comment
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