<< Back to all Blogs
Login or Create your own free blog
Home > No Mortgage Payment

No Mortgage Payment

August 1st, 2012 at 05:16 pm

Well, no mortgage payment is due this month since we closed at the beginning of last month. We already paid the interest that was due when we closed. Next month our mortgage payment will be about $1300.

If I was smart and thought it would work I'd make an extra principal payment, but it seems when you move there are so many things to buy! I'd rather hold on to that cash for now.

So far we have purchased blinds, paint, queen mattress and bedding (for guests), a drill, and a high speed router. Tomorrow we have a water softener being intalled. We will rent that, since don't know if we could recoup the upfront cost while we live here. I dislike the extra payment, but I'm sure I can set up on billpay and not think too much more about it!

For now I'll just enjoy the lack of paying a bank for another month! What would you do? Make a payment, partial payment or enjoy a mortgage free month?

2 Responses to “No Mortgage Payment”

  1. PNW Mom Says:

    I think I would enjoy a free month....especially since you have had the paint, blinds, and mattress come up....I am sure it is nice to have that extra cash!

  2. Beawealthywarrior Says:

    Since it doesn't have to be all or nothing, I would split it 50/50, half on the mortgage and hold on to half.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
Will not be published.

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]