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Home Refinance Complete (Finally!!)

December 11th, 2009 at 07:33 pm

4.5% Interest, 15-year loan, no pre-payment penalty! Including taxes, our monthly payment is 1650. We plan on paying an additional $355 a month to pay off this place in 10 years! If all goes well, I'll be 35 and T will be 37 when we own our own home! We then plan on saving a down payment for a second home and then rent out this house while we buy another. T wants to put even more on the house each month and I keep trying to tell him that as we continue to make more money we need to pay off the rest of our student loans, increase retirement contributions and SAVE. Luckily he gives me control over the finances so we don't have to argue too much. Smile

2 Responses to “Home Refinance Complete (Finally!!)”

  1. creditcardfree Says:
    1260567490

    Congratulations!!

  2. NJDebbie Says:
    1260569980

    Good plan. We plan to kick our mortgage butt starting in 2010. Wish us luck! Your plan is a good one we own our rental property out right and it's nice to have the extra income.

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