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Another Mortgage Principal Payment

May 9th, 2016 at 10:15 pm

I know all of the tellers at my bank... and they know that I'm the one who pays down principal on the mortgage at least two times a month. They're all really nice... when the mortgage is paid off, I'm going to miss them!

So I brought in another $367.76 to pay down principal.

We owe $34,356.46
The house is worth about $600k, so this feels really good
If we don't pay down any more principal, we will pay off the house in March 2019
F starts high school in September 2017
If we keep paying off principal with just amounts budgeted, we will have it paid off in March 2018
If we pay off a big chunk or keep paying off more each month than we budget (please, please let this be a good year for my business) we will have it paid off in September 2017

I need to get real about selling some stuff that I have no idea why I'm holding onto. It's mostly been inertia and weather. It's too cold right now to drag things out of the garage (I have an old vintage bike that I need to clean and photograph). And I have some (I think) hideous figurines that I'm not sure how to sell. Also some silver jewelry. I should just DO IT!

5 Responses to “Another Mortgage Principal Payment”

  1. ceejay74 Says:

    That's amazing having so much equity!

    Ugh, you remind me that we have all this wood from the living room renovation (decorative 100-year-old pillars that ought to be worth something) sitting in our garage. Inertia, weather, and not being sure the best way to sell them -- that's it exactly for me.

  2. My English Castle Says:

    I go on selling streaks, but then get fed up with no-shows and the fuss of listing. Once I get the photos taken, it's a lot easier. Good luck!

  3. VS_ozgirl Says:

    Good work!

  4. Jenn Says:

    I think you're going to be next mortgage-free celebration. It's motivating to watch your progress.

  5. FrugalTexan75 Says:

    Not long to go for the mortgage!

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