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Land payment

June 21st, 2006 at 01:54 pm

I made another land payment yesterday. So far, I have been able to come up with an extra $1000 a month to pay on the principal. It is nice to see that interest amount drop.
When i started the payments, i was paying about $400 a month in interest. Yesterday the interest was $165.
The amount I owe is dropping rapidly. I started out owing $64,000 and my balance is now below $29,000.

Posted in Uncategorized | 3 Comments »

3 Responses to “Land payment”

  1. campfrugal Says:
    June 21st, 2006 at 03:36 pm 1150904208
    1150904208

    Hey, that is really awesome. What an acheivement.

  2. sakigt Says:
    June 21st, 2006 at 10:00 pm 1150927236
    1150927236

    $1000 extra is no joke! You'll have that land paid off in no time!

    Are you planning on building on it later?

  3. ima saver Says:
    June 21st, 2006 at 10:03 pm 1150927391
    1150927391

    Yes, I think so, it has an awesome mountain view, without the steep drive!!

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