Church Construction Debt Reduction

Bit.ly ParishsoftTo 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 toamortization, 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 Parish Soft.
  • Parish Soft can be accessed via the QR code as well.

 

Contact

Carla Yaglou, Business Manager