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House Mortgage -- Countdown

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  • #31
    Mortgage Principle: $103,049
    ~ Eagle

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    • #32
      Originally posted by Eagle View Post
      Mortgage Principle: $103,049
      It's going down!
      Kill the debt, before it kills you!

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      • #33
        Slow and steady wins the race... Made extra payments this month:

        Mortgage Principle: $102,272.51

        Only 4 more months this year to get below 100k. That means $568.13 a month.
        ~ Eagle

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        • #34
          Originally posted by Randomsaver View Post
          Mortgage Principal : $200K

          Mortgage Principal : $199K

          Btw, mini-celebration to all for 2/3 of the year worth of payment done!




          Originally posted by Eagle View Post
          Slow and steady wins the race... Made extra payments this month:

          Mortgage Principle: $102,272.51

          Only 4 more months this year to get below 100k. That means $568.13 a month.
          Go for it!
          Kill the debt, before it kills you!

          Comment


          • #35
            Well paying of mortgages has been difficult ask for every household. Due to which many loaning companies are operating to ease things, whereby providing every assistance with down payment. As every initiative needs to be taken to pay off debt on sooner basis.

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            • #36
              Originally posted by Randomsaver View Post
              Mortgage Principal : $199K

              Btw, mini-celebration to all for 2/3 of the year worth of payment done!
              Mortgage Principal : $198K
              Kill the debt, before it kills you!

              Comment


              • #37
                Good on you, you've made a plan and are sticking to it! While we, [your northern neighbours] do not get a tax deduction/benefit from mortgage interest, you might add that tax benefit to direct principal payment when you get your refund. We added any 'found money', items no longer used or needed were sold, reductions in auto and house insurance [same coverage] sent to bid by insurance agent instead of paying State Farm's commission, avoiding bank charges [needs a little planning], savings on budgeted items like vacation, utilities, auto operational/maintenance, even dropping change daily in a jar, all added up very quickly.

                Interest rates were higher when we paid off our mortgage but the real benefit is the sum that used to go to mortgage principal + interest was re-directed to our investment portfolio. Still pay taxes, insurance and now condo fees but income has increased, expenses are moderate and the procedure continues to keep me aware of where the money goes.

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                • #38
                  Mortgage Principle: $101,992.63

                  3 more months to get below 100k!
                  ~ Eagle

                  Comment


                  • #39
                    Originally posted by Eagle View Post
                    Mortgage Principle: $101,992.63

                    3 more months to get below 100k!
                    Great job!
                    Kill the debt, before it kills you!

                    Comment


                    • #40
                      Originally posted by Randomsaver View Post
                      Mortgage Principal : $198K
                      Mortgage Principal : $196K
                      Kill the debt, before it kills you!

                      Comment


                      • #41
                        Originally posted by Randomsaver View Post
                        House Mortgage Debt . . . count it down.

                        I've a long waaaaaays to go . . 10 years including this year is my target.

                        Mortgage Principal : $207K
                        You can do it! Get an Amortization Schedule Calculator to help you determine how much of your monthly payment will go towards the principle and how much will go towards the interest. You can also use this calculator to create a printable amortization table for your loan and to estimate the monthly payments on your mortgage.

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                        • #42
                          Originally posted by Randomsaver View Post
                          Mortgage Principal : $196K
                          Great job! At this rate you'll be done in a little over 8 years! Wow!

                          It will likely take us closer to 16... Maybe less if we don't have another kid and I get several promotions at work.
                          ~ Eagle

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                          • #43
                            You Got This

                            Kepp it up man, there is nothing in the world that can stop you from accomplishing what you want.

                            Best of luck brother!




                            Louis
                            Last edited by disneysteve; 11-05-2014, 01:00 PM. Reason: link removed

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                            • #44
                              Originally posted by Eagle View Post
                              Mortgage Principle: $101,992.63

                              3 more months to get below 100k!
                              Mortgage Principle: $100,111.67

                              One more month to go!
                              ~ Eagle

                              Comment


                              • #45
                                Originally posted by Eagle View Post
                                Mortgage Principle: $100,111.67

                                One more month to go!
                                Go for it!
                                Kill the debt, before it kills you!

                                Comment

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