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  • Originally posted by Randomsaver View Post
    Mortgage Principal : $16K
    You started this thread 7 years ago this month. Your balance was $207,000 and your goal was 10 years. Looks like you're ahead of schedule. That's great. Do you have a payoff date in mind?
    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.

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    • Originally posted by disneysteve View Post

      You started this thread 7 years ago this month. Your balance was $207,000 and your goal was 10 years. Looks like you're ahead of schedule. That's great. Do you have a payoff date in mind?
      Haha, Thanks disneysteve. Definitely feeling the 7-year itch. God willing this pays off no more than a year from now. I think a great target would be 8th anniversary of this thread.

      Mortgage Principal : $14K
      Kill the debt, before it kills you!

      Comment


      • Mortgage principle: $316,572.63. Down a couple of k.
        james.c.hendrickson@gmail.com
        202.468.6043

        Comment


        • Mortgage principle: $315,340.53. Down another $1,200. Slowly but surely paying this sucker off.
          james.c.hendrickson@gmail.com
          202.468.6043

          Comment


          • WOOHOOO!! Getting closer by the month.
            Mortgage Principal : $10K
            Kill the debt, before it kills you!

            Comment


            • Originally posted by james.hendrickson View Post
              Mortgage principle: $315,340.53. Down another $1,200. Slowly but surely paying this sucker off.
              You are doing great james! As we say in this thread, keep it down.
              Kill the debt, before it kills you!

              Comment


              • Another month, another payment made. Now down to. $312,852.26.

                When it gets to $298,000, PMI comes off. After I get a couple of things knocked out, I'll likely start attacking this debt more aggressively.

                james.c.hendrickson@gmail.com
                202.468.6043

                Comment


                • Originally posted by Jluke View Post

                  broke my no extra payment rule and paid an extra $57 for January payment to go below $175k

                  Jan 2021: $174,999
                  One year later with only an extra $373, balance is:

                  Jan 2022: 167,999

                  Comment


                  • And down the numbers go...I still owe $312,224.86. Every month the debt gets a bit lower.

                    At this point, I'm openly wondering how long it would take me to get this thing paid off. Four years? Five?
                    james.c.hendrickson@gmail.com
                    202.468.6043

                    Comment


                    • Originally posted by james.hendrickson View Post
                      And down the numbers go...I still owe $312,224.86. Every month the debt gets a bit lower.

                      At this point, I'm openly wondering how long it would take me to get this thing paid off. Four years? Five?
                      VERY Rough calc to include interest and not knowing the rate

                      4 years you would need to pay 85k per year
                      5 years you would need to pay 70k per year

                      you mentioned PMI. Homes have increased in value. Any chance yours has increased enough to request an appraisal to try to eliminate PMI? Or Refinance if you haven’t done that recently to get low rate and possibly remove PMI that way.
                      Last edited by Jluke; 12-04-2021, 12:20 AM.

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                      • Originally posted by james.hendrickson View Post
                        Another month, another payment made. Now down to. $312,852.26.

                        When it gets to $298,000, PMI comes off. After I get a couple of things knocked out, I'll likely start attacking this debt more aggressively.
                        How old is this note?
                        Have you considered refinancing?
                        Rates are low and housing prices are up.
                        You "might" be able to lower your terms and payment all while getting rid of the PMI
                        Brian

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                        • MERRY CHRISTMAS EVERYBODY!!
                          Mortgage Principal : $8K
                          Kill the debt, before it kills you!

                          Comment


                          • Originally posted by Randomsaver View Post
                            MERRY CHRISTMAS EVERYBODY!!
                            Mortgage Principal : $8K
                            Randomsaver, you're literally just a few payments away from paying off your mortgage! What a wonderful holiday gift.
                            james.c.hendrickson@gmail.com
                            202.468.6043

                            Comment


                            • Originally posted by Randomsaver View Post
                              MERRY CHRISTMAS EVERYBODY!!
                              Mortgage Principal : $8K
                              WOOHOO almost there congrats...

                              Comment


                              • Principle amount owed: $309,059.47. Down from 312k. Getting there.
                                james.c.hendrickson@gmail.com
                                202.468.6043

                                Comment

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