Wednesday, January 22, 2020

Mortgage

I received a letter from the credit union that has carried a mortgage backed line of credit for me for several years.  I used it to provide an extra fund in case of emergencies and used it now and then.  As a result of selling several rights of way to my property in Duchesne and receiving back payments for support payments during the months that Eliza was acting as her father's executor I had enough to put together a savings account of more than $20,000.  In the fall of 2018 I purchased the Acura from Mary and had some work done on the car, reducing my savings to around $10,000.  I have used that as a 'line of credit' for the past year.  Recently I dipped into it to pay off my credit card, however I plan to replenish it.  The line of credit based on a second mortgage will expire at the beginning of February.  With prudent living I should be able to keep from further depredations on my savings.  Once again I feel gratitude that the recent loss of extra income from working for Marge Lewis has brought me to my senses regarding spending. 

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