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Archive for September, 2020


September 16th, 2020 at 12:31 am

It was pay day today and boy was I really looking forward to this paycheck. Lots of things to pay.

$809-credit card #1
$375-credit card #2
$130-electric bill
$300-Roth IRA
$100-personal spending money
$220-Mortgage Principal
$2,134.00 TOTAL

We decided to recast our mortgage loan. The payment is now $504 instead of $1275. We are going to put the difference towards the principal (hopefully with additional funds) and be done with this loan ASAP. There is a $250 fee for recasting the loan.

Five Digits

September 4th, 2020 at 01:13 pm

We made it to the "under 6 digit club" on our mortgage principal. Goal is to be completely paid for primary residence by July of 2023. I might recast the loan to have a lower payment while putting all the extra money on the principal. The payment will be substantially lower, but I'll pretend that it is still the original payment. I think it's worth the one time $250 fee. There are no prepayment penalty ever.