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Paying HEL off....

February 19th, 2010 at 10:27 am

next week!!

I mentioned last week when I made a $1000 payment to our home equity loan that I hoped the Army would pull through with some money so that I could pay off the loan before April 1. The good news! Yes. The money I was hoping for will be here next week.

I peeked at my husband's pay stub for next week. They are not withholding taxes and have paid us the Hazard Fire Pay that he is due from being in the zone this month. (I expect him home Sunday. Happy Dance!) This is an extra $780!!

I already have $917, okay let's round that to $920, that I plan to pull from the regular paycheck funds.

If you are following along, you know that equals $1700 to put toward the loan payoff next week.

I'm also scheduled to make our regular payment of $118.01, which at least $116 will go to principal, if I make the big payment first!

It seems I will be about $183 short of paying this loan off. I'm now looking for some extra cash. In the end I think I'll pull it from some emergency funds. I can pay us back when my husband gets paid midmonth!

We are so close. Yipee!!

6 Responses to “Paying HEL off....”

  1. NJDebbie Says:

    Wow, your perseverance has paid off! Congrats. I can't to hear that your van loan is gone too! /

  2. ceejay74 Says:

    Yay! Good news all around! I did the same with my big loan that I wanted gone, took some funds from the EF...it was so worth it!

    Can't wait for the official payoff day, but just knowing it's now a certainty is exciting too!

  3. D Says:


  4. wowitsawonderfullife Says:

    Can't wait to see it in writing!

  5. My English Castle Says:

    What great news!

  6. frugaltexan75 Says:

    Yay! Good news.

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