Author Topic: Mortgage Payment Club $75K : Starting current balance of $50K- $99K  (Read 43902 times)

middo

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Re: Mortgage Payment Club $75K : Starting current balance of $50K- $99K
« Reply #250 on: April 28, 2021, 09:44:58 PM »
May update as we won't make any more payments this month:

1st Jan 2021 - $71 000
1st Feb 2021 - $70 000
1st Mar 2021 - $68 000
1st Apr 2021 - $67 000
1st May 2021 - $65 500

Down another $1500.

Huskerfan

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Re: Mortgage Payment Club $75K : Starting current balance of $50K- $99K
« Reply #251 on: May 11, 2021, 09:55:15 PM »
Starting Mortgage Debt (July 2019) :  $90,835.26
(Not total mortgage... that was around $179k)

Beginning Mortgage Debt This Month: $52282
Paid Mortgage Debt This Month :  $3211
Ending Mortgage Debt : $49646

****Descriptive Text *****
$2636 off of principle

Well... I did it. 
I graduated and went below the $50k mark.
Itís been a pleasure.  Now it is time to find the final group and pay off the rest.  Thank you!

monarda

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Re: Mortgage Payment Club $75K : Starting current balance of $50K- $99K
« Reply #252 on: May 28, 2021, 12:56:40 PM »
We're in this club, on the home stretch for payoff of one of our rental property loans!

Original 15 year loan from 2012, matures in early 2027
now remaining $58,000
will be under $50K in less than a year. That will be a landmark!

We have two other properties, just refinanced those, so won't be paying those off for some time.
But starting to get excited about the home stretch for this loan!

middo

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Re: Mortgage Payment Club $75K : Starting current balance of $50K- $99K
« Reply #253 on: May 31, 2021, 08:54:26 PM »
June Update:

1st Jan 2021 - $71 000
1st Feb 2021 - $70 000
1st Mar 2021 - $68 000
1st Apr 2021 - $67 000
1st May 2021 - $65 500
1st Jun 2021 - $64 500

Down another $1000.

Not a spectacular month, but we had a spendy month, paying for a holiday that will now probably be canned due to a covid outbreak in Victoria (AUS), and we put a deposit on a new solar PV and hot water system.  When that comes through we will go backward for a bit as I will take the 9K out of the HELOC.

LeftA

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Re: Mortgage Payment Club $75K : Starting current balance of $50K- $99K
« Reply #254 on: July 04, 2021, 10:32:29 AM »
I'm looking to join this club ASAP. Right now, it looks like it will be in mid-November. Will anyone still be here then!?

middo

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Re: Mortgage Payment Club $75K : Starting current balance of $50K- $99K
« Reply #255 on: July 04, 2021, 05:41:14 PM »
I will be here still.

July update (actually a few days into July now)

1st Jan 2021 - $71 000
1st Feb 2021 - $70 000
1st Mar 2021 - $68 000
1st Apr 2021 - $67 000
1st May 2021 - $65 500
1st Jun 2021 - $64 500
1st July 2021 - $74 500

Up $10 000

We pulled a heap out of the mortgage for solar panels and new hot water.  There have also been other chilren related costs (wisdom teeth operation).  When our tax return comes in a couple of months this should be repayed.

Bigjones

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Re: Mortgage Payment Club $75K : Starting current balance of $50K- $99K
« Reply #256 on: August 09, 2021, 01:41:49 PM »
This has been a three year journey where we have sacrificed savings, all bonus from work and every spare nickle has gone to paying off a $73k HELOC. We have worked overtime, we have taken all money from Christmas, birthdays etc and paid everything outside of family vacations on this HELOC.  Im really hoping its paid off by Xmas this year.


Beginning Mortgage Debt This Month: $10,000
Paid Mortgage Debt This Month :  $3,000
Ending Mortgage Debt : $7000.00


middo

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Re: Mortgage Payment Club $75K : Starting current balance of $50K- $99K
« Reply #257 on: August 09, 2021, 04:52:24 PM »
August update

1st Jan 2021 - $71 000
1st Feb 2021 - $70 000
1st Mar 2021 - $68 000
1st Apr 2021 - $67 000
1st May 2021 - $65 500
1st Jun 2021 - $64 500
1st July 2021 - $74 500
1st Aug 2021 - $74 000

Down $500

Better than nothing.  Lots of bills this month and next (5 lots of property rates), so we kept a bit back for them. 

monarda

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Re: Mortgage Payment Club $75K : Starting current balance of $50K- $99K
« Reply #258 on: August 12, 2021, 07:54:07 AM »
We're in this club, on the home stretch for payoff of one of our rental property loans!

Original 15 year loan from 2012, matures in early 2027
now remaining $58,000
will be under $50K in less than a year. That will be a landmark!

We have two other properties, just refinanced those, so won't be paying those off for some time.
But starting to get excited about the home stretch for this loan!

August 2021  $55,900

Vashy

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Re: Mortgage Payment Club $75K : Starting current balance of $50K- $99K
« Reply #259 on: August 23, 2021, 02:21:55 AM »
Starting Mortgage Debt:  £92,500

Beginning Mortgage Debt This Month: £92,500
Paid Mortgage Debt This Month:  £1,200
Ending Mortgage Debt: £91,300 (as of 5 October, planning to make another overpayment on 25 October after I got paid)

We're down to £67,300 as of today. Dropped LTD trading profit into the mortgage and got Mr Vashy to match. Still overpaying.

£66,000 as of today - annual goal achieved.

Down to £62,800 - shooting to graduate from here by the end of the year!

Down to £57,900 as of today.

middo

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Re: Mortgage Payment Club $75K : Starting current balance of $50K- $99K
« Reply #260 on: September 05, 2021, 05:44:40 AM »
September update

1st Jan 2021 - $71 000
1st Feb 2021 - $70 000
1st Mar 2021 - $68 000
1st Apr 2021 - $67 000
1st May 2021 - $65 500
1st Jun 2021 - $64 500
1st July 2021 - $74 500
1st Aug 2021 - $74 000
1st Sep 2021 - $72 500

Down $1500.  Now waiting for our tax return to drop it back down substantially.

middo

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Re: Mortgage Payment Club $75K : Starting current balance of $50K- $99K
« Reply #261 on: September 29, 2021, 09:33:30 PM »
October update

1st Jan 2021 - $71 000
1st Feb 2021 - $70 000
1st Mar 2021 - $68 000
1st Apr 2021 - $67 000
1st May 2021 - $65 500
1st Jun 2021 - $64 500
1st July 2021 - $74 500
1st Aug 2021 - $74 000
1st Sep 2021 - $72 500
1st Oct 2021 - $70 000

Down $2500.  We have been advised our tax return won't be as big as last year, but still will let us pay down a bit more.  It should be in our bank in a weeks time.

Vashy

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Re: Mortgage Payment Club $75K : Starting current balance of $50K- $99K
« Reply #262 on: October 11, 2021, 03:33:55 AM »
Starting Mortgage Debt:  £92,500

Beginning Mortgage Debt This Month: £92,500
Paid Mortgage Debt This Month:  £1,200
Ending Mortgage Debt: £91,300 (as of 5 October, planning to make another overpayment on 25 October after I got paid)

We're down to £67,300 as of today. Dropped LTD trading profit into the mortgage and got Mr Vashy to match. Still overpaying.

£66,000 as of today - annual goal achieved.

Down to £62,800 - shooting to graduate from here by the end of the year!

Down to £57,900 as of today.

Graduated (put in some lumps sums of cash as we were due to re-mortgage anyway). Good luck everyone!