Church Construction Debt Reduction
To complete the church, the parish took out a loan of $2.9M from the diocese. The loan has not been amortized yet. Currently, we are only paying 3.5% interest on the loan. Once the loan is amortized, we will begin making a monthly mortgage payment. The more we can pay down the principal prior to amortization, the lower our monthly mortgage payment will be.
Any amount that you can give to help with the reduction of this debt is greatly appreciated.
- For those receiving envelopes, a debt reduction envelope has been added.
- For those using our electronic giving, a debt reduction line item has been added to Faith Direct.
- Faith Direct can be accessed via the QR code as well.