Retirement looks a little more possible today

[pearlbirth]

I took the advice of some of my coworkers and visited the bank that holds my mortgage. They modified my mortgage from a 30 year (with about 24 years left) to a 15 year one. And at a much lower interest rate (over 1% less.) It only costs $92 a month more. We've been putting an extra $200 toward the principal each month in the hopes of paying it off

Comments

[onlylisa]

Oh that's good news Pearl.
They say it's wise to go and do a mortgage check every now and then just to make sure you're getting the best deal.
Scary stuff when interest rates going up.
Comforting to know you're paying off the most you can.

[curly_purls]

Those 12 1/2 years will be here before you know it!

[donnickcottage]

Better hope not lol, you only get so many:p

[donnickcottage]

Way to go guys. Brilliant move.

[trophyofgrace]

What a relief! Congrats!

[cherithgal]

YEA!!!!!