Mortgage Killer

[Blu-Ray 3D President]

Originally Posted by The Great Owl

I bought my first home exactly a year ago. My monthly payment, with mortgage, property tax, and insurance, comes out to $781. From the beginning, though, I've been paying $900 each month, with the money taken automatically out of my bank account and the extra $119 going to principle.

$900 is a simpler number than $781, and it's usually not a stretch for me to pay that extra amount, so I decided just to get used to it and to think of it as the required amount.

This will enable me to have my mortgage paid off in 21 years or so, instead of in 30, and it gets me more equity in the place.

Great! Continue with it and slay the debt !

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $135,000

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $134,000

[Blu-Ray 3D President]

Any other mortgage killers out here?

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $134,000

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $133,000

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $133,000

Mortgage Principal slayed : $2,000
Mortgage Principal balance : $131,000

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Mortgage Principal slayed : $2,000
Mortgage Principal balance : $131,000

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $130,000

A great day when I see debt get reduced by another 10 thousand!

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $130,000

A great day when I see debt get reduced by another 10 thousand!

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $129,000

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $129,000

Mortgage Principal slayed : $2,000
Mortgage Principal balance : $127,000

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Mortgage Principal slayed : $2,000
Mortgage Principal balance : $127,000

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $126,000

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $126,000

Closing 2016 with the last payment.

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $125,000

Merry Christmas to y'all!

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Closing 2016 with the last payment.

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $125,000

Merry Christmas to y'all!

Opening 2017 with a murder!

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $124,000

Happy New Year to y'all!

[zeze]

With the rate you are going it will only take another 4-5 years to pay it off. Congrats.

[Blu-Ray 3D President]

Originally Posted by zeze

With the rate you are going it will only take another 4-5 years to pay it off. Congrats.

Hopefully! I'd be very happy if I finish it in 5 years. Thanks!

Originally Posted by hariseldon

Brag Post Time. 1st time in my adult life all these factors exist simultaneously. More power to you Mr. President

Christmas Mortgage Balance -- $600 (rounded)
12/30 Bank Slayer Payment -- $600
New Year's Mortgage Balance -- $0.00

Better -- All Tuitions Paid in Full. Kids now with paying jobs
Better -- 2 paid off Cars though both with 100K miles
Best -- no other loans outstanding and CC paid except for current December charges

HAPPY NEW YEAR'S
Too bad there are a few folks who started the year with us who didn't quite get to the end of the year to see all the milestones, but I'll make my assumptions on who and how such things are known

Taking care of Mortgage is hard to do and I'd say only 50% finishes them before they have to sell and down size or go back to renting. So brag away Señor! Congrats. Hope to join you later.

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Opening 2017 with a murder!

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $124,000

Happy New Year to y'all!

1 Year of debt had been butchered. 9 Years to go.

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $123,000

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

1 Year of debt had been butchered. 9 Years to go.

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $123,000

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $122,000

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $122,000

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $121,000

Keep on slaying!

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $121,000

Keep on slaying!

Yeeehawww! Gunned my debt down to $120K!

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $120,000


Next target is $80K.

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Yeeehawww! Gunned my debt down to $120K!

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $120,000


Next target is $80K.

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $119,000

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $119,000

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $118,000

[Blu-Ray 3D President]

Originally Posted by Blu-Ray 3D President

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $118,000

Mortgage Principal slayed : $1,000
Mortgage Principal balance : $117,000