I bought my condo with 2 mortgages: 1 for $299,000, and the other for $56,000 because I didn't have enough for a down payment as well as closing costs. The small one was a balloon mortgage that was very close to an interest-only mortgage (yuck!).
These are the windfalls I got that allowed me to pay off the small mortgage, finish off the credit cards, AND have enough cash to get hubby his new work clothes:
- The T-Bill that matured (that I had forgotten about): $1000
- The rental income from the condo. My budget had called for that money going into repairs, but it turns out all repairs were completed last month: $1520
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