February 10, 2020

Debt Reduction Update

In anticipation of our mortgage being refinanced (January 1, 2020), we invited special gifts towards mortgage repayment late in the fall 2019. Our hope was to see $400,000 be given above and beyond our regular mortgage payments. We are grateful to report that we were able to pay precisely this amount towards the mortgage principle before refinancing. We expect this to result in approximately $250,000 in interest savings over the life of the mortgage, and ultimately being done repaying years earlier. Thank you for your generosity!