As you can see in the box on the right I am making steady progress towards my goal of paying down $10,000 in principal on my second mortgage. The $164.75 listed for April is the amount of my regular payment that went to principal. This is pretty exciting because almost two years ago when I first bought the house my payments only paid off $80-90 in principal. It's almost doubled!
Original loan, May 2007: $138,000.
Amount paid off as of today: $12,780.69. Of the $12K, $7344 was in the last 12 months.
Current balance: $125,219.31.
Two interesting faces
1 day ago
Isn't it amazing how early on in debt, very little of your payment gets applied to principal? Anyhow, awesome job in paying down the mortgage! You'll be back in the black soon. I know it!
ReplyDeleteIf/when we finally get our regular savings to a point where I'm happy I'll start throwing extra money at the mortgage. Right now it feels like throwing money on a sinking ship.
ReplyDeleteMy name is Fajar. I live in Bedono in Central Java I was in a very chronic financial issue and terminal health situation some few weeks back. After all my search for assistance from friends and neighbors proved abortive, I feel there was no one who truly cares. I became so exhausted due to lack of funds to expand my business and my 2 kids aged 5 and 8 were also not good looking due to lack of proper care as a result of finance. One faithful morning I saw an old time friend of my late husband and I told him all I have been going through and he said the only way he could help was to direct me to a good loan officer in USA that also helped him, He explained to me on how he was financially down and how he got boosted by this loan officer ( Mr Pedro who grant him 7,000,000.00 USD loan at an affordable rate of 2% rate . He further assured me that they were the only legit loan firm he found online. He gave me their email & That was how i applied and was also granted a loan and my life changed for the good. CONTACT THE ONLY GENUINE LENDER Mr Pedro VIA Email / Whatsapp +18632310632 pedroloanss@gmail.com to resolve your financial mess.
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