Greetings again ... although my plans and circumstances have changed a bit, I have NOT abandoned this goal. Black Friday happened, which definitely threw a monkey wrench in my plans as I had been making a decent chunk of money via poker and wanted to use some of that towards the house and other goals. The other big change is that I got engaged and spent a NOT-so-insignificant amount towards a ring and we are STILL saving and paying for a nice wedding planned for next April. The wedding is going to be more money than I had previously postulated, but we are still going to pay cash.
So, since August and likely until April, I haven't been throwing much extra at the house, BUT my fiancee is debt free as of October and after the wedding, I am hoping and anticipating that we can BOTH start throwing a lot of money at the house. Currently my mortgage is sitting at $61,504.66. At the end of last year my mortgage was @ $72,504.56 and even though I had wanted to get it down closer to $53k at the end of this year, clearing $12k off it considering I couldn't play poker but for only 4 months and most of that was rebuilding PLUS paying for a nice ring and saving for a wedding, I'm not going to be too tough on myself. The house sold for $145k and I've paid 58% on that. The original loan was $116k and I've paid 52% on that. The house is now worth ~$200k, so I have $139k of equity, which isn't too bad. Keep in mind, I've only lived in my house for 9 years. Most people take out 30 year notes or best case 15 years. I'm hoping I can do it somewhere between 10 and 11 years.
It would make things a LOT easier if I could get my Full Tilt money back. That money would pay for everything I have left to save up for PLUS a few items my fiancee is responsible for and I could start piling up house cash starting in January instead of April. But, the ugly reality is that I may not see any of that money ever again or if I do, it might not be the full amount, and even if it's the full amount, it could be a while, so that's the plan: save for wedding in April and then throw cash like crazy at the house.
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