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Mortgage principal reduction

December 7th, 2017 at 02:50 pm

Extra Payment Savings

Extra Principal Paid: $4,179.52
Interest Saved:$9,166.85
Payments Saved:10
Current Loan Maturity:8/1/2046

$500.00 to savings and we are at 10% of the new Mini Lofty Savings Goal.

I'm trying to keep a balance between extra mortgage principal payments and savings. It is important for me (us) to continue saving.

I'm not sure if I mentioned this before but we are doing just stocking this year. We want to do a nice family outing to New York City in the spring. I rather not be in the cold so spring seems a nice time of the year to be in the city. I just have to buy for my great nephew.

2 Responses to “Mortgage principal reduction”

  1. Amber Says:

    Way to go on getting that mortgage down and I love the stocking idea

  2. rob62521 Says:

    Good job on getting the mortgage balance to descend. A family trip sounds lovely and sometimes I think anticipation certainly builds the excitement.

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