Debt Reduction, Mortgage

Mortgage Payoff Progress With Chart

In February of 2010 my wife and I purchased our very first home.  We took out an conventional 15 year mortgage.  Our plan is to pay the mortgage off in less than 10 years – with a stretch goal of paying it off in less than 7. As of January 31, 2011, we have made 11 regular mortgage payments –…

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Debt Reduction, Mortgage

Early Mortgage Payoff Update 1

Back in February my wife and I purchased our first home.  Our first payment was due April 1, and posted on April 10.    As of today, we have made 6 regular, scheduled monthly payments.  We have also made 4 additional payments – payments which are applied directly towards the mortgage principal. We have a conventional 15-year mortgage and we want…

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