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    #76
    Originally posted by tqf258 View Post
    Have been waiting to post....finally broke the $100,000 barrier.
    $99,100 balance as of today!
    You're the man (or woman) !
    Last edited by Randomsaver; 06-02-2015, 06:35 PM.
    Kill the debt, before it kills you!

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      #77
      Originally posted by Randomsaver View Post
      Mortgage Principal : $188K

      I'm no longer angry, I'm
      Mortgage Principal : $180K
      Kill the debt, before it kills you!

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        #78
        Originally posted by Randomsaver View Post
        Same to you snafu!


        Not sure how to compute but my past 2 months' statements showed a $4 drop in interest charges (from $454 to $450).
        Above post was from 1/1/2015.

        My monthly interest expense went down from $450 on 1/1/2015 to $420 for 6/1/2015. That is $30 payment swing to the side of principal reduction so far.
        Kill the debt, before it kills you!

        Comment


          #79
          @Randomsaver, did I read this correctly, June 2014 Mortgage $ 203K, June 2015 Mortgage $180K?
          Good on you for making a plan and sticking to it! Terrific progress

          Comment


            #80
            Great job by a bunch of folks here ! More should focus on paying off their homes.
            We've been mortgage free for approx. 10 years now. It's a great feeling.

            Comment


              #81
              Originally posted by snafu View Post
              @Randomsaver, did I read this correctly, June 2014 Mortgage $ 203K, June 2015 Mortgage $180K?
              Good on you for making a plan and sticking to it! Terrific progress
              Originally posted by Fishindude77 View Post
              Great job by a bunch of folks here ! More should focus on paying off their homes.
              We've been mortgage free for approx. 10 years now. It's a great feeling.
              Thank you both snafu and Fishindude77. It uplifts the spirit to read words of encouragement. I don't know how others are able to do it. Really. This is one tough test of mental, emotional and even physical boundaries.
              Kill the debt, before it kills you!

              Comment


                #82
                Originally posted by disneysteve View Post
                $49,079.30 as of today.
                I just scheduled the July 1 payment. That will bring the balance to about $46,701 more or less.
                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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                  #83
                  Originally posted by disneysteve View Post
                  I just scheduled the July 1 payment. That will bring the balance to about $46,701 more or less.
                  Cheers!
                  Kill the debt, before it kills you!

                  Comment


                    #84
                    Mortgage Principle: $98,588.27 April...

                    Mortgage Principle today: $98,151.88

                    So ready to get this thing under 90k. Been a long 6 months. Hopefully the next 6 months will be better.
                    ~ Eagle

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                      #85
                      Originally posted by Eagle View Post
                      Mortgage Principle: $98,588.27 April...

                      Mortgage Principle today: $98,151.88

                      So ready to get this thing under 90k. Been a long 6 months. Hopefully the next 6 months will be better.
                      It will. Each future payment will chip away at the principal a little more than the previous one. We hung at a certain figure for what seemed a very long time, but now we're bringing the balance down pretty quick.

                      Comment


                        #86
                        Originally posted by Eagle View Post
                        Mortgage Principle: $98,588.27 April...

                        Mortgage Principle today: $98,151.88

                        So ready to get this thing under 90k. Been a long 6 months. Hopefully the next 6 months will be better.
                        Originally posted by JoeP View Post
                        It will. Each future payment will chip away at the principal a little more than the previous one. We hung at a certain figure for what seemed a very long time, but now we're bringing the balance down pretty quick.
                        Eagle, buddy miss you here. Congrats on bringing down debt!

                        I agree JoeP. Hope all is working well for you.

                        But before we look to the second half of the year, it's a pat-on-your back mini-celebration time as the first half of the year of payment draws to a close.

                        I'm gonna grab me a nice fancy cold beer. Cheers!

                        Kill the debt, before it kills you!

                        Comment


                          #87
                          Originally posted by Randomsaver View Post
                          Happy Memorial Day Weekend to y'all!

                          Focused Debt : $31K
                          Focused Debt : $29K

                          Advance happy Fathers' Day!
                          Last edited by Randomsaver; 06-19-2015, 03:11 PM.
                          Kill the debt, before it kills you!

                          Comment


                            #88
                            I (single father) have little by little started college savings for my 2 kids. Total saved currently is $28K.

                            I plan to divert the $14K for my youngest and use it to bring down my principal mortgage balance since I believe I still have time to rally for that later on in life.

                            I'll keep the other $14K for my eldest who is approaching 10 and continue adding to it. I should be done with the house mortgage a few good years before my youngest starts college.
                            Last edited by Randomsaver; 06-21-2015, 10:51 AM.
                            Kill the debt, before it kills you!

                            Comment


                              #89
                              General question that I am faced with in my efforts to payoff my mortgage quickly and I'm curious what others are doing.

                              Are people still maintaining their homes and replacing aging items ( doors, windows, HVAC, appliances, etc)?

                              I do one or two projects each year. However, if I really accelerate the payoff of the mortgage I feel like I will reach the point where the house is paid off but then I'll need a loan for other projects. Feels like a balancing act with allocating savings.

                              So will I ever see cheap money as my current mortgage? (68000 left @2.875% with max 7 years to go, $900/month)

                              Sorry if I hijacked this thread.

                              Comment


                                #90
                                ^ This thread is for all who has mortgage debt.

                                For me, I'm putting my maintenance project every after 5 years. The last time I did mine was 2013.

                                This way I can focus on increased mortgage payment for 4 straight years.
                                Kill the debt, before it kills you!

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