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$3,000 off the mortgage

April 9th, 2015 at 05:17 pm

Our tax refund came today and we sent 75 percent of it to the mortgage, a total of $3,000 to principal. When it posts, hopefully tomorrow, we should be down to $32,200. I'm trying to get this house paid off as fast as I can. Each $1,000 in extra knocks one month off the pay off time, so this is 3 months off!

12 Responses to “$3,000 off the mortgage”

  1. creditcardfree Says:
    1428596638

    Great job! What is your projected pay off at this point?

  2. ThriftoRama Says:
    1428600313

    We're aiming for some point in 2017.

  3. NJDebbie Says:
    1428605256

    Woot woot. Great job!!!

  4. Ima saver Says:
    1428611349

    Good for you!

  5. Miz Pat Says:
    1428612261

    I'm so glad for you. I'm still at 82K with 6 to 8 years to go

  6. scfr Says:
    1428615332

    Awesome.

  7. VS_ozgirl Says:
    1428618435

    Nice work!

  8. FrugalTexan75 Says:
    1428621397

    Nice!

  9. Shiela Says:
    1428630773

    That's great. I'm doing the same with our tax refund too.

  10. ThriftoRama Says:
    1428694502

    Well, it didn't post the way I had anticipated. The bank treated it as a regular mortgage payment with additional added, so some of it went to escrow. This is all fine. That means when I send in my actual payment at the end of the month, ALL of that check will reduce the principal. It should put my farther ahead than I anticipated! I can't wait to have this house paid off!!!!

  11. Bluebird Says:
    1428707503

    Great! It will be here before you know it! And you already had your mortgage paid off on your previous house! That is really an accomplishment! We paid our mortgage off 5 years and 3 months after purchasing. I was obsessed about paying it off.

  12. Amber Says:
    1429317637

    Awesome!

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