We had some extra money this month, approximately $8,257 and we decided to pay it to the loans. We are going to NYC in October to celebrate paying them off.
We will stay focused, but this is a BIG victory for us. We have $32,750 left on my student loans. Hopefully those will be gone in the next year and a half.
We will also bought a rental property last month as a long-term investment; 3/3 with $1,200 a month in income at The University of Georgia.
I am hoping this provides me with motivation to post again. So sorry for the lack of updates on our end.
Hope everyone is doing well!
Congrats! I recently found out one can actually refinance a student loan now (after years of being told you can only consolidate once). I was quoted 4.9%/15yr fixed and 2.5%/15yr variable on <20K balance with 790 FICO from Citizens Bank. I realize your goal is to reconcile your debt as quickly as possible but if your rates are high it might make sense to refi at a low variable rate for the 18-24 months you'll still be paying. Just my two cents.
ReplyDeleteTHATS GOOD. KEEP MOVING LIKE THIS.
ReplyDeleteWife's Loans are Paid Off!!