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First Real Estate Loan Payment

August 17th, 2007 at 08:12 am

We made the first payment on the real estate loan we took out last month. Of course, part of it went to interest (almost $30). The large majority of it went toward the principal though. It was nice to see that initial drop. Hopefully it will drop much more next month. We took out a three year loan only to keep the payments very manageable in case something happened. Our goal all along was to pay more each month. We decided on a goal of 18 months to definitely pay it off, but we really want to pay it off in one year.

1 Responses to “First Real Estate Loan Payment”

  1. Amber Says:

    It is nice to see the balance decrease, I was so happy when I made my first car loan payment, my goal is to have it paid off in about 18 months. I am sure you guys will have your loan paid off in a year.

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