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More Principal Paid Off!!

February 14th, 2009 at 03:05 pm

Our regular home equity payment posted yesterday. The principal portion of the $118.01 was $57.73! Last month the pricipal amount was only $37. So, we are making progress in the interest department.

Old Balance = $9977.00
New Balance = $9919.27

I expect to make one more extra principal payment for the month of February.

Oh, and we have nearly paid $3K toward the principal this month. Amazing!! Most of this was due to our tax returns totalling nearly $2K.

2 Responses to “More Principal Paid Off!!”

  1. homebody Says:
    1234628559

    Hurray! Keep it up!

  2. frugaltexan75 Says:
    1234629253

    You're doing fantastic!

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