Layout:
Home > Big Mortgage Pay-Down

Big Mortgage Pay-Down

March 7th, 2015 at 01:18 am

We received our tax return money yesterday, so F and I went to the bank today (popcorn Friday!) to pay down principal.

This was a big pay-down! The return (federal) was $3104 and I put the entire thing toward principal. Our balance is now $57,917. If we don't put any more money toward principal, we own our house in February 2020.

I promised D that when we went below $50k we would have a nice meal out. According to my spreadsheet that happens in September.

Anyway, in the car on the way to F's tennis lesson, we had a big discussion about mortgages and interest and principal. She was pretty into it! I wish my parents discussed these sorts of things with me when I was a kid...

5 Responses to “Big Mortgage Pay-Down”

  1. creditcardfree Says:
    1425693097

    Congrats on a big paydown!!

  2. Ima saver Says:
    1425737590

    Yes, congratulations on the big pay down and the discussion!

  3. Beawealthywarrior Says:
    1425739929

    Awesome!!

  4. scottish girl Says:
    1425748947

    Congratulations!

  5. FrugalTexan75 Says:
    1425752494

    Sweet paydown!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]