Monday, August 3, 2009

One more BIG step!!

We are working our way to 100% DEBT FREE!!!!
Today we completed refinancing our house.... we now have replaced our 30 year mortgage ( with 23.5 years remaining) with a 15 year one. We saved 8.5 years and 1.32% interest!!!! All in all this shaves of something like $50,000 in interest over the life of the loan!! YEAH!!!! We are hoping to pay it off even sooner, but just knowing that we have already shaved off 8.5 years is a WONDERFUL feeling!!!!


Have a BLESSED day, BE a BLESSING!
Heather

3 comments:

Jessica said...

What steps have you been using to eliminate your debt? I'm curious, because I also want to be debt free. My husband and I have a lot out in college loans.

Old Centennial Farmhouse said...

YAY! We started this journey about ten years ago and are living debt free and I can tell you it is SO WORTH IT! I give you credit for being determined and going for it. What a free feeling when you owe no one anything!
XOXO
Joni

warren said...

Congratulations! We just did a similar deal and it felt great!