It’s always awesome to see the piechart shift the numerical value when I update the balances on our debts! For the house, I base the percentage on what we still owe Wells Fargo against what the house cost when we closed on it in 2001. If I went with the current refinancing amount, then the number would suck and look rather scary after 14 years.
The news got even better when I contacted WF via the Web portal to ask if we could take over the escrow (pay the property taxes and house insurance directly) since we no longer pay PMI (insurance to cover the bank’s ass when mortgage payers default). They said “yes” in a matter of a couple hours. The escrow balance is on its way and the representative nicely gave me the addresses of where the payments for those necessities go. Sweet! My plan is to put aside the old escrow amount into our money market. The interest it will compound with the rest of the balance is a pittance (0.2%) but every penny adds up.
Onward to 23% before the end of 2015, maybe we’ll luck out and hit 24 by New Year’s. Not bad for a so-called “tax and spend” Librul.