| Liquidated 'targeted' savings accounts down to $1,000 and put the balance ($3K) onto the Student Loans, along with the normal regular payment and snowball. I am happy to have the number drop below $40K and into the $30K's!! It wasn't that hard to liquidate the savings down to the $1K baby emergency fund. In the past it would have been really difficult. With the interest rate on the savings at around 1.0% and the rate on the student loans at 8%, it's kind of a no brainer. I am still trying to get them paid off in full by November 2011. I need to up my snowball and that will require some sacrifice. We'll see how this next and last quarter of 2010 goes.
There seem to be a number of foreclosures on sale in the neighborhood, dragging property values down. Am considering my long term plan/strategy for this property. It's a lovely home, but it is also now over $100K underwater. That hurts! Economists are now predicting that it may take 20 years for homes to get back to their worth at the recent 'peak'. Ouch.
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Home value is updated monthly from Zillow.com/Zestimate
(Purchase price was $370K in August 2006).
Other Mortgage = HELOC/2nd Mortgage
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