I 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!
Amazing
August 7th, 2011 at 09:11 pm
August 7th, 2011 at 11:02 pm 1312754578
August 8th, 2011 at 02:23 am 1312766599
So why not dedicate your next tax return, raise or bonus to prepaying the mortgage?
Cute house, by the way...
August 8th, 2011 at 04:14 am 1312773291
August 8th, 2011 at 05:53 am 1312779232
August 22nd, 2011 at 03:39 am 1313980787