Mortgage

Mortgage Payoff Progress For March With Chart

In February of 2010 my wife and I purchased our very first home.  We have a conventional 15-year mortgage and our plan is to pay it off in less than 10 years.  Our stretch goal is to pay it off in less than 7. As of March 31, 2011, we have made 13 regular mortgage payments – and several additional principal-only payments. When I posted last month’s update, we had paid off 5.72% of our mortgage debt. As of or most recent payment, we have now paid off 6.26% of our mortgage debt. Here is our most recent chart – The chart below shows two percentages.  The blue percentage is how much I still owe – the balance.  The red…

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