Our monthly budget just took a $138 deduction and our house payment now stands at $828.58. I just made the transfer to pay off our second mortgage!
Now we can get started on some of the projects we've been putting off since we bought the house, so keep an eye out here for all of the before and after pictures.
I will start turning focus to our first (and only) mortgage. The balance is $118,748.31 right now, and if we can continue at the pace we set with the second mortgage, we may be able to reach payoff within 3 years. I think that may be possible because we are still waiting on our first time homebuyer tax credit.