January 2010 Mortgage Reduction Report
We have just sat down and made our final prepayment for the month of January. I am happy to say that we were able to come up with $5,500 this month to put towards the mortgage. That is $778 more than what is needed to meet our goal. I changed our board and we have now saved $160,000 in interest on our mortgage. That is simply incredible!
Febuary, March and April may be tight months and I an not anticipating being able to make extra mortgage payments. I do want to hold off as we have a big bill coming in March, a vacation to pay for and I am anticipating a fairly hefty tax bill. Such is life!
