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Principal update

January 18th, 2012 at 02:38 pm

Hi guys! I just want to give you a little update on our progress so far on paying down our mortgage. Since December 27th, we've paid $4,570.79 extra to the principal. We're down to $206,630.64 from the original loan amount of $243,500. As of today, we are ahead of schedule 21 months. We're a little aggressive now because we may have to slow down quite a bit starting September. DS# 2 will be entering a technical program which is quite expensive and we are definitely covering the cost.

3 Responses to “Principal update”

  1. creditcardfree Says:

    Nice chunk of change there! Great job.

  2. Beawealthywarrior Says:

    You're doing great!

  3. Jerry Says:

    That is great that you are paying so aggressively on the mortgage -- the more you do it now, the more insurance you have for flexibility later. I also think it is wonderful that you will assist your child with the technical program that will lead to his professional future. I hope he appreciates it!
    Jerry

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