Post by dr.girlfriend on Jul 20, 2020 22:54:51 GMT -5
As of this month our mortgage principal balance is down to five figures! :-D This board has been amazing...we bought with 30-year at 6.75 back in 2008 (the same year our son was born), refinanced to a 30-year at 4.875, and then finally down to a 15-year at 2.75 in 2012. We're on track to have the mortgage paid off well before the kid hits college. Yay!
That’s awesome! Congrats!! I can’t imagine that feeling but I hope we’re in similar shape before our kids hit college.
I’m down to $600 left in student loans, which feels pretty great. I didn’t have a ton of loans compared to my peers and I got a low interest rate so I’ve just been slowly paying it down with some extra thrown at it here and there. But I’ll be done super soon!
We hit that milestone with student loan balances this June. We started at about $260k and are now down to $96k. In our area that's "house kind of money." $96k is still a big number but it feels really good to see it going down.
Congratulations! We are in the five figures as well and are actually at a point that we could pay it off with what we have in savings. It’s soooo temping but it’s not the best financial move (it would completely wipe out our savings)