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 Post subject: Small Success
PostPosted: Tue Oct 23, 2007 12:22 pm 
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Joined: Wed Apr 04, 2007 7:46 pm
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Location: Washington DC
Today, I put $1,000 down as our first prepayment on our mortgage for our home. I still need to square alot of financial stuff away, but at least this is going, and now automatic.

This means that we're now almost paying 2 mortgage payments a month. Except that the almost payment is entirely principal

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PostPosted: Tue Oct 23, 2007 12:28 pm 

Joined: Wed Sep 05, 2007 3:46 am
Posts: 86
Congrats! I wouldn't call it a small success either. An extra $1,000 per month is not something many people can do. Great job!

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PostPosted: Wed Oct 24, 2007 5:45 pm 

Joined: Sat Apr 28, 2007 9:37 pm
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Location: Ottawa
Great job! That will really add up.


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PostPosted: Tue Nov 27, 2007 8:11 pm 

Joined: Tue Nov 27, 2007 9:22 am
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I would love to be able to add $1000 onto my mortgage. Maybe once I pay off my car loan and student loan, I will be able to go that.

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PostPosted: Tue Nov 27, 2007 10:25 pm 

Joined: Wed Apr 04, 2007 9:50 pm
Posts: 752
Location: Vancouver, Canada
Congratulations! We did this with our first home and shaved off 10% of the mortgage within 2 years. At our new place, we've been putting the money into renovations, although this should have a similar effect. Now that we're done the renovations, I'm looking forward to paying down the mortgage again.

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PostPosted: Wed Nov 28, 2007 5:18 am 
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Joined: Thu Apr 05, 2007 5:20 am
Posts: 515
Location: Birmingham, AL
We just put $8xx as our first prepayment this week. We had some extra income (commission) and it fell to the bottom line. We hope to be able to do that regularly!

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PostPosted: Tue Mar 11, 2008 1:35 pm 

Joined: Mon Feb 25, 2008 10:48 am
Posts: 18
Location: CO
Congrats.

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