About Me

Steve

45, married, one kid. Family practice physician. Frugal since birth. Raised by frugal parents. Trying to teach my daughter the same.

2009 Ebay Challenge Progress
Goal: Avg. Sales of $100/month
January Total: $208.99
February Total: $175.08
March Total: $132.43
April Total: $34.24
June Total: $23.99
July Total: $0
August Total: $0
September Total: $166.45
October Total: $27.48

2009 ROTH Contributions
Goal: $10,000
Progress: $10,000

8/31 Home Equity Loan Update

August 31st, 2008 at 10:45 am

It hasn't been a full month since I posted a loan update, but I want to start doing it at the end of each month.

As of today, my home equity loan balance is $6,211.45.

In August, I made extra principal payments of $1,170.00 as well as the regularly scheduled payment of $218.01. My goal (which I'm quite sure I can meet) is to pay if off by the end of the year.

Posted in Personal Finance | 6 Comments »

6 Responses to “8/31 Home Equity Loan Update”

Ima saver Says:
August 31st, 2008 at 11:11 am

That is great!
onesexylady Says:
August 31st, 2008 at 02:01 pm

Wow that's very smart of you to do so. Good luck and I look forward to reading your blog at the end of December when your POSTING THAT YOUR LOAN IS PAID IN FULL!!LOL
Broken Arrow Says:
August 31st, 2008 at 05:01 pm

Oh no, look at that massive debt. How WILL you ever pay that off? Hmmmmm....
disneysteve Says:
August 31st, 2008 at 05:34 pm

Very funny, BA. I do still have a $97,000 mortgage to deal with. I wasn't blogging back when I had over $100,000 in student loans, so I've done my share of debt repayment. Just nothing left but the house.

Once the HEL is gone, I'll start putting the extra payments toward the mortgage. I haven't run the numbers yet for when that will get paid off as a result. We have 19 years, 9 months remaining on the loan. I'm sure an extra $8,000 or so each year will shorten that considerably.
monkeymama Says:
August 31st, 2008 at 06:46 pm

Way to go!
Analise Says:
September 1st, 2008 at 04:14 pm

Impressive! I have no doubt you will pay off your mortgage much sooner than later.

Disneysteve's Common Cents Blog

Thoughts, observations, tips & advice on living below your means, staying out of debt, etc

8/31 Home Equity Loan Update

6 Responses to “8/31 Home Equity Loan Update”

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