Mortgage Principal Paydown
Every year, Knox has the opportunity to make a lump sum payment to reduce our mortgage principal. Since last June, over $7,000 has been accumulated and will be applied towards the principal payment in April for the renewal of mortgage #21. We aim to significantly increase this amount, for as the loan principal decreases, we pay less in interest which allows us to pay off the loan more quickly.
We kindly request that you consider making a special contribution toward the mortgage principal reduction by the deadline of:
Sunday, March 23rd.
We appreciate your contributions throughout the year and as always are extremely grateful for your generosity!