Amazing
August 7th, 2011 at 08:11 pmI understand how interest works; I do.
But I think it still sucks to see my balance on my almost one year old mortgage.
We closed on our house in September of last year. Our first payment was November 2010.
In the past 10 months, our balance has only gone down by about $2,500.00. That is CRAZY since we've paid over $14,000.
I'd love to start throwing money at it - even dollars a month. But I have only $13K left on our van, so I may start throwing money at IT and then once that's paid off the entire car payment amount can go to the house payment.
All in good time, I know.
I'm just anxious to feel like I did when we paid off all of our debt the first time. I am ready to get these monkeys of our back!