Generous support of the Legacy of Faith…Moving Forward capital campaign allowed Faith to make $221,757.00 in additional principal payments on our mortgage this year! It would take 3 years to reduce the principal by that much through regular monthly payments. This will make a huge difference in the length and total expense of the mortgage.
The loan is being re-amortized, too, which will also help to reduce the principal more quickly and save thousands in interest costs over the years. Please continue to support Legacy of Faith…Moving Forward!
Read more of Faith’s 2013 mid-year financial report here.
You can also give online to Faith Lutheran. Learn more here.