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Thread: Bye Bye huge mortgage payment!!
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01-31-2012, 03:04 PM #1
Bye Bye huge mortgage payment!!
As of today. *phew!!*

Still trying to settle into new place we will be buying, renting for now. Am wore out!! lol But happy. Am able to eat and sleep again finally, lol. Old mortgage... $2300 month (yeah, THEY messed up on escrow). New mortgage will be around $700 or less, I will do my own escrow.
I'll take it!!!
Other good news.. hubby had already gotten a raise about a month ago. Puts him making more than he did when he worked there prior. Still not to equal what our combined income was when I was working (I am unemployed at the moment). But then we got word about being put in on a deal with one of the oil rig equipment that splits the profit between the employees. What they earned last year combined with his new income will be more than we were making when I was working.
Now... to get on those medical bills pronto!!!!
Bring on them baby steps...
Step 1: done
Step 2: waiting on amount, hubby had followup colonoscopy, I had visit to ER with followup procedure
Step 3: to follow, won't know aim until things settle
Step 4: to follow, currently at 6%
Step 5: grown child
Step 6: huge mortgage ANNIHILATED!!
Step 7: ahhhh....

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01-31-2012, 03:34 PM #2Moderator
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~That's a nice bit of breathing room! So I take it your house sold?~
~Constance
~DH
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01-31-2012, 09:31 PM #3
Congratulations! Big difference in mortgages. What a huge relief.
Bank of America is THE godfather of Hell with Wells Fargo running neck and neck. When the world ends the only things that will be left are cockroaches, Walmart, Wells Fargo and Bank of America. Not necessarily in that order. The order remains to be seen.
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01-31-2012, 09:43 PM #4
Congrats! I know exactly how you feel. Our old mortgage was $2300 a month and we purchased a house outright with the money we got from selling a business. It is a dinky, old house in a not so great neighborhood but we only have to pay about $1200 a YEAR between property taxes and insurance. Oh, and congrats on the pay raise for hubby too
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02-01-2012, 01:25 AM #5
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02-01-2012, 07:01 AM #6
Wow that is a huge difference!

married to my honey
mommy to one handsome teenager
mommy to 2 furbabies
no consumer debt, zero, zip nada
mortgage - 56,140.96 pay off date 11/2017
car fund 5,000
heating unit 0
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02-01-2012, 10:35 AM #7
WTG! That is wonderful for you~
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02-01-2012, 11:49 AM #8Master Dollar Stretcher
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That is great!! Congratulations!!
DH aka Mad Hen
(http://mad-hen-creations.blogspot.com/)
June no-spend: 0/15
June wasted money: $0
June grocery: $0/400
2012 LAPAW: 8.8/20
2012 Get-Thee-To-The-Gym Challenge: 7/52
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Run/walk challenge: 91/520 miles
Total debt (with mortgage, HELOC, and 1 cc): Jan 2012: $285,105 (Jan 2011: $292,750)
(2911 days until retirement)
Live as if you were to die tomorrow. Learn as if you were to live forever. Mahatma Gandhi
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