Our mortgage is at $97,458.01. Huzzah for being under $100k!
Our loan was sold to a new provider and they have difficulty with accepting principal payments. I tried to make a larger payment in July but they took an additional payment out of it before applying the rest to the principal.
So, we are skipping our September payment (was "paid" in July), and I will try making a large principal payment online for October. Their online payment system has a box for extra principal. It seems that I will only be able to add extra principal 1x a month, manually. I could set it up for an automatic extra principal payment too, but I would like to max the number and do it every month.
Our income has been strong this year so I hope to pound out the mortgage. Does it really feel different when the mortgage is entirely paid off? $97k is still a lot of debt left. I hope to put 10k+ on the mortgage in October. If we could do 10k a month that would be amazing. (Edit: that is probably a big stretch. I am sure we can do 5k+ a month, income is variable.) It might be possible. We need to keep spending down to make that happen.
This month I considered buying a 2015 minivan for cash but decided to keep our old van instead. I will try to wait to get a newer car until after the mortgage is done.
My husband wants to spend some money and enjoy life, and I need to find out what he means exactly by that so he's feeling balanced and we can continue on this goal. I think that paying off the mortgage scares him, as if we're missing out on something else by doing it, but I have more confidence that this is the right thing to do, right now.
Our other goals are to do things like -- replace some carpet in the living room. I would like to update a bathroom but that can also wait until after our house is paid for. I may also have a minor surgery this year.