Announcement

Collapse
No announcement yet.

House Mortgage -- Countdown

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    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.
    Kill the debt, before it kills you!

    Comment


      Originally posted by Randomsaver View Post
      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.
      Kill the debt, before it kills you!

      Comment


        Originally posted by Randomsaver View Post
        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.
        Gailete
        http://www.MoonwishesSewingandCrafts.com

        Comment


          Originally posted by Gailete View Post
          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!
          Kill the debt, before it kills you!

          Comment


            Thanks! Just waiting to hear now.
            Gailete
            http://www.MoonwishesSewingandCrafts.com

            Comment


              Starting!

              Mortgage Principal : $70K
              Kill the debt, before it kills you!

              Comment


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

                Comment


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

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

                  Comment


                    Originally posted by Randomsaver View Post
                    Starting!

                    Mortgage Principal : $70K
                    So it begins.

                    Mortgage Principal : $69K
                    Kill the debt, before it kills you!

                    Comment


                      Originally posted by markr867 View Post
                      August 2017
                      Mortgage payment: #4 of 358
                      Extra applied to principal: $156.96
                      Ending balance: $301,110.99
                      Awesome! Keep it down!
                      Kill the debt, before it kills you!

                      Comment


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

                        Comment


                          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

                          Comment


                            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.

                            Comment


                              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.

                              Comment


                                Originally posted by amarowsky View Post
                                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!

                                Comment

                                Working...
                                X