Refinancing the HELOC to an amortized 15-year loan took alot of stress out of my life by fixing the interest rate (albeit higher). This month, this loan reached that magical point where the principal portion of the payment is more than the interest portion. Something about crossing that line just makes me so much happier!!
This month statements shows: $289.56 principal and $287.34 interest.
Wednesday, So proud to me!
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I was a busy beaver yesterday and sewed until about 3:30. I was able to get
4 dresses done and the pressing about killed me. In fact, I still have one
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I remember when mortgage #2 did that, it was a fabulous day. And it only gets better as the balance drops even faster every month. Congrats!
ReplyDeleteI am glad that I am not the only one who looks at that. I did a refi on our primary mortgage in January, and that was one of the first things I looked at on the amortization schedule.
ReplyDeleteCongrats!!