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Mortgage Stuff

January 1st, 2007 at 01:51 am

It has really been bothering me that I wasn't able to send in extra principle on the medical mortgage this month. The regular payment is $910 and change but I always, since the beginning have sent in $1000. So after the tough month of January is over, I am going to make mortgage payments of $1010 for the next year. Not just for the next 9 months which would be the $90, but for twelve, because I imagine not paying the $90 extra this month makes more damage than replacing it $10 at a time can make up for. I wish I could make up for it next month by adding an additional $100 but that's not an option.

I will have to make the straight payment on my house mortgage, too this month I think. But that is only a difference of almost $25. If I can, I will squeak it out, if I can't, I will add it onto the next payment.

3 Responses to “Mortgage Stuff”

  1. Joan.of.the.Arch Says:

    What is a medical mortgage? A loan to buy a very expensive medical device, with right of the noteholder to foreclose?!

  2. LuckyRobin Says:

    No, no, no. I had a ton of medical bills following 3 years of surgeries and almost dying with not great medical insurance. It came to over $300,000 and we negotiated it down to $150,000, at 18%. So my mother offered to let us take out a $150,000 mortgage (actually $153,000 with closing costs) at 5.75% on their $350,000 house to pay it off. So I refer to that as my medical mortgage because it was caused by medical bills. I also have a mortgage on my house which is, you know, for the actual house. This is how I differentiate between them. One is the medical mortgage and one is the house mortgage.

  3. Joan.of.the.Arch Says:

    Gotcha! Thank goodness your mother was able to do that for you.

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