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Another payment - one month much closer

March 13th, 2011 at 03:09 am

Well it finally came - the federal tax return - so the end of this month I am putting in an even larger mortgage payment. Years ago I would have kept the money in savings - when the rate of interest in savings isn't that far off of the mortgage interest rate, why force the paydown? But today, getting such miserable savings rates, I may as well push forward and get it all paid off, and save some money in the process.

On the frugal front, nice weather can't come soon enough. Paying less to heat the house will be nice, but being able to start yard sale-ing again will be nicer!

4 Responses to “Another payment - one month much closer”

  1. Petunia 100 Says:
    1299995678

    That's great, Single Guy! You are almost there!

  2. NJDebbie Says:
    1300019894

    Late 40s and a house almost paid off! You are doing a great job, keep it up. I can't wait for warmer weather myself.

  3. patientsaver Says:
    1300020730

    I've got about $31K left on the mortgage and I'm doing the same now, prepaying whenever possible, parlty becus the rate is 6%. (Too expensive to refinance.) Once i get below $10K, i know i'll just want to lump sum it and pay the whole thingoff.

  4. CB in the City Says:
    1300021083

    I'm looking forward to yard sale-ing too!

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