Got our annual mortgage statement this week. We paid more on principal than on interest this year. Makes me feel like we are getting somewhere finally.:-)
That is amazing! Congratulations! How long have you owned your home? We just bought our home in October and I feel like right now we are only paying pennies to the principal based on what we are paying in interest!
So awesome!!! I bought my house last year and the amount I pay in interest is disgusting!! I make an extra payment a year in an attempt to bring it down!
Bex -
"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."
We have been in this house for 8 years now, and are still fixing it up , so have never put extra on the mortgage. This is the year the outside gets finished painting, we have already put in all new windows and a high efficiency furnace and heat pump, really helped with the utility bills. Plus at the time there was a powersense rebate for installing energy efficient home products.
Sharon
That is amazing! Congratulations! How long have you owned your home? We just bought our home in October and I feel like right now we are only paying pennies to the principal based on what we are paying in interest!
Way to go!
Ours was the same way this year - isn't that a terrific feeling???!!!
Danni
cl-phocid, Debt Support Group
All my best,
Danni
Bex -
"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."
Bex -
Congratulations.......But I'm green with envy......maybe someday.
Norma
"Patience is the best remedy for every trouble"- Plautus
Sharon