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Mortgage Chips To Date; BF House Update

November 4th, 2015 at 04:05 pm

I have made my scheduled mortgage payment, along with an extra $2.86. I received another $25 credit from WF Home Rewards Visa. My new balance is $167,625.00.

Chips to date: $1,815.42

Interest savings this month: $6.54

Interest savings to date: $119.45

Eventually, the interest savings on the chips I have already made will compound to $3,882.41, provided I own this house until the mortgage is paid in full. Which I won't. Stick Out Tongue

Well, BF's house is still in escrow. The final inspections have been done, resulting in a very short list of requests from the buyers. They wanted another pest inspection to determine if mice are present (old droppings found in the attic), they wanted the antenna removed from the roof, and they wanted "debris" (mostly pine needles) removed from the roof and rain gutters. Those were all reasonable requests and they have all been done. Just waiting now for it to close. Maybe this week; maybe not.

I let BF use my credit cards to charge property taxes for his timber property. Three parcels, 100+ acres in total with several houses and other buildings. The county would have auctioned them off for back taxes next week. Oh, that man. Mad He had been counting on the house selling well before now, but it just did not work out that way. I was pretty stressed about becoming financially responsible to repay those taxes. BF took out a term life insurance policy on himself to benefit me, just in case something should happen to him before the house sale is final, because I would be really screwed. With "convenience fees", the property taxes came to right at 18k. The three parcels are worth 800k-ish.

Posted in Mortgage Chips | 4 Comments »

4 Responses to “Mortgage Chips To Date; BF House Update”

  1. Ima saver Says:
    November 4th, 2015 at 06:38 pm 1446662339
    1446662339

    I would be a little worried too, if I had to pay those taxes. Let's hope that the house closes real, real soon!!

  2. starfishy Says:
    November 4th, 2015 at 09:50 pm 1446673806
    1446673806

    oooh, now you can knock off BF and live the life of your dreams! Smile i hope you at least get some rewards/cash back for putting that amount on your credit cards.

  3. Petunia 100 Says:
    November 4th, 2015 at 10:22 pm 1446675759
    1446675759

    Lol, the term life policy isn't THAT big. Smile
    Yes, I will get some nice cash back rewards. And yes, I am hoping as hard as I can that the sale closes soon. The lender said this week, BF's realtor is betting next Monday. We will see.

  4. FrugalTexan75 Says:
    November 5th, 2015 at 04:15 am 1446696915
    1446696915

    That is some serious money there. Hope the house sells quickly so you can clear your card(s)!

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