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Getting out of Debt

My goal was to pay off my second mortgage by the end of this year, however, I missed out on 1.5 months worth of rental income from one of my spare bedrooms during the May/June time frame.  The missed income will cause a slight draw back to my repayment goal.   To make up for [...]

Before I rented out my rooms to roommates and even before I started graduate school, my debt ranked in the following order from the highest amount to the lowest amount:

• First Mortgage ($142,000 @ 6.125%)
• Second Mortgage ($35,500 @ 8.375%)
• Undergraduate Student Loans ($18,200 @2.625%)

This past week, I just realized my