Thursday, May 27, 2010

Mortgage Progress For May

Not as much progress as I would have liked. I guess I will have to stop by my rental house and see what's up with the rent. In the meantime, I paid my portion today. It only takes 24 hours for a transfer from my checking to my mortgage account so I went ahead and did it before May was over.

I made an extra payment of $636 bringing the mortgage total to $18,940. Under $20k finally. If all goes as planned, I will still have it paid off in 6 more months although my buffer at the end has been eaten up. I really hope the next 6 months go as planned or else I'll have to add another month on to the end. That's not the end of the world, of course, I was just hoping to have the mortgage gone before Christmas.

And if I stopped paying extra now and started saving for a giant pack-rat proof garage, it would take 2 years and 11 months to pay it off the slow way. Much better than 24 more years which is what it would have been if I hadn't paid any extra.


KoBold said...

Under 20k.

Daizy said...

Yippee! The end is just around the corner. Just have to make it through the scorching hot summer.

Dave said...

Are you going to have an internet mortgage-burning party when you make the last payment? I am sure all of us online followers of you would love to see it in person but we will surely settle for pictures of the mortgage aflame!

Daizy said...

I forgot that people do that Dave. I should do that. Or maybe I should give it to the dogs to shred. :P