In January 2012, our congregation determined to pay off our mortgage by 2022. Since then, we have significantly reduced the balance on the mortgage. We accomplished this by paying an extra $1,000 on the principal each month and with a “13th" mortgage payment. Each year congregation members have given for an additional mortgage payment (currently $8,205). We continue to exceed our annual goal. We give thanks to God for the generosity of the congregation. We are on track to reach our debt retirement goal or even surpass it.
This year, we designated June and July as “13th Mortgage Payment Months”. In an effort to eliminate our mortgage as quickly as possible, we pay an additional $1,000 on the principle of the loan each month and we make a 13th payment each year.
We give thanks to God for the generosity of the congregation. Our goal was $8,205 and the congregation gave $10,197.
All gifts given to this special project benefit our ministry today and are a gift to future generations. When reduced interest costs are calculated, every $100 given for debt retirement is like giving approximately $128. Participating in making the 13thpayment is saying “yes” to the future ministry of First United Methodist Church. You are invited to mark your gifts, “Mortgage”.
This remarkable financial commitment is much like the commitment that the congregation of Brighton First has made to completing the Vital Church Initiative (VCI) Consultation prescriptions. Many of the changes we are making at Brighton First through VCI may take some time to bear fruit. Congregation members are committed to not only present ministry, but are investing in the future ministry of the church.
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