House Mortgage -- Countdown

[Randomsaver]

Money in the bank

Thanks guys.

Check has cleared and overall is happy that I can stirike that off my list and can now move on. I don't like long sale window because it's hard for my kids and challenging also for me to clean up each day for potential showings. So in the end, it was worth it.

Even better is the excitement of being able to get a better dream home.

[Randomsaver]

Kicking off the 2nd Half of 2017 early.

Mortgage Principal : $96K

Mortgage Principal : $0K

If my estimates are right, starting August I would need to borrow $60K as my new mortgage. So yes I will just start a new countdown in August.

[Gailete]

Mortgage Principal : $0K

If my estimates are right, starting August I would need to borrow $60K as my new mortgage. So yes I will just start a new countdown in August.

If our loan get approved it is $66K with 1.5% less interest and $125 cheaper for the payment. Hopefully I will continue to be able to add it as 'extra' money to the loan. I did finally find ut what they call my loan. A Home Equity loan. considering what the taxt man and the fire insuranc think it i worth ($350-500K) I doubt we will have too much trouble getting it - I hope.

[Randomsaver]

If our loan get approved it is $66K with 1.5% less interest and $125 cheaper for the payment. Hopefully I will continue to be able to add it as 'extra' money to the loan. I did finally find ut what they call my loan. A Home Equity loan. considering what the taxt man and the fire insuranc think it i worth ($350-500K) I doubt we will have too much trouble getting it - I hope.

Hope you get approved Gailete!

[Gailete]

Thanks! Just waiting to hear now.

[Randomsaver]

Starting!

Mortgage Principal : $70K

[markr867]

August 2017
Mortgage payment: #4 of 358
Extra applied to principal: $156.96
Ending balance: $301,110.99

[JoeP]

$14k left, due to be paid off 9/2018!

Principal $998.09
Interest $54.88
Escrow $554.40 (school tax, town tax)

[Randomsaver]

Starting!

Mortgage Principal : $70K

So it begins.

Mortgage Principal : $69K

[Randomsaver]

August 2017
Mortgage payment: #4 of 358
Extra applied to principal: $156.96
Ending balance: $301,110.99

Awesome! Keep it down!

[Nutria]

Third to last payment ($1,089.31) going out tomorrow!

[dbow2000]

Trying to pay off $25k in credit card debt consolidated to a loan by Dec 2018 - hopefully sooner. It's a high 12% interest, but it's lower than the 18%-21% that it was. We cut up the cards, but didn't close the accounts and no longer charge anything to them. I started in March and to date I have it down to $17962. I hope to update this monthly.

Started: 25k
Mar. - paid $1450
Apri. - paid $1217
May - paid $1200
June - paid $1200
July - paid $1200
Aug. - paid $1200
Current bal: $17962

[markr867]

September 2017
Mortgage payment: #5 of 351
Extra applied to principal: $2,756.96
Ending balance: $297,934.00

I got a retention bonus at work and sent the entire after tax amount to the mortgage We are now down into the 200s!! We weren't in the 300s for long, but glad to leave them behind

That one large payment took 7 payments off of our mortgage. I knew the value of extra payments before starting this mortgage, but it is crazy seeing it in action.

[snafu]

Well done markr! Lots of determination to put entire bonus [less tax] on mortgage principal but it makes a huge difference in the long run.

[amarowsky]

61.8/75K on 7/19/17.

Just the (now normal) $500 on top....

I had an extra check this month, so we managed to up the contribution by an addtional $1,500.

Normal payment + 500 principle monthly + 1500 surplus

59.4/75K on 8/31/17.

Really starting to chew away at it!