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GuestI know your question wasn’t directed to me, but we have always contributed $200 extra each month towards the principal. This amount brings our 20 year mortgage down to 15….which will be paid off, at this rate, by 2021….Seems SO far away!
Ria
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Original Message —-
From: lisa196622193
Sent: Wednesday, August 13, 2008 10:40:51 AM
Subject: Re: Budget101.com : What is your ultimate goal?It’s inspiring “meeting” others who think like me! I don’t know
anyone personally whose goal is to pay off the mortgage. I just
sent Countrywide a $1,000 check towards principal. Not sure when Ican do that again, but it felt good, empowering. It’s like I’m
sending my intention out to the universe and took a big action
step.We don’t use credit cards, either. If we can’t pay cash, then we
don’t buy it. My fiance is still paying off one credit card and his
car. Can’t wait for that to finally be over!!!What action steps are you taking to pay off the mortgage? Are you
increasing the payment every month, or are you sending in checks
toward principal when you can?Lisa
— In Budget101_@yahoogro ups.com, Herlean
>> Paying off our mortgage by time our oldest child, currently age 2,
is age 10.
> Yes. I believe it is possible. I don’t need vacations at thispoint. I just want to continue to have a healthy pregnancy
(carrying multiples) and pay off our mortgage. That simple
financial step will help us out so much and ease HUGE amounts offinancial stress.
>
> We stopped using our credit cards, so now we just have to pay whatis owed. We have college loans to pay off, but a lot less than some
people do. I also want to pay cash for our next newer car a few
years from now. (I get used cars, usually 1-3 years old).>
> I feel confident that we will reach our goals because we are
determined. Even with my husband’s employer and the layoffs. Myfamily deserves it.
>
> Herlean
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