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DOUBLE DOWN IMPACT​

Thank you for your consideration!

In 2024, God paved the way for us to acquire a permanent home for our center. Now that we are completely moved in and have gotten our bearings (for the most part), we want to double down on paying the building off in a maximum of ten years, preferably less. To work towards this goal, we have started our “Double Down” project. We are asking for individuals, churches, and businesses to prayerfully consider sponsoring a monthly payment. Our budget covers our normal monthly payment on our note, which is $4,962. We would like to be able to pay an additional $5,000/month. If we do this, we will be able to pay off the building in well under TEN YEARS! We sincerely believe that this project is the best thing that we can do for the center to be the wise stewards of both the building and the funds the Lord has provided.

Now, here’s the fun part of how this works. The power of this project is most impactful for the payments on the front end of the loan. Anyone heard the words, Amortization Schedule? Basically, the brunt of the interest is charged at the front end of the loan, and it steadily decreases with each payment. At the beginning of a loan, one pays more interest than principle. However, if extra payments are made, then that amount goes to principle and significantly decreases the interest burden. For instance the two extra payments of $5,000.00 each that we made in the fifth and sixth months of the loan had MANY benefits:
1. The extra $10,000 was 100% principle,
2. it took six payments off the life of the loan,
3. and … it saved the center $28,569.15 in interest payments!


Let the impact of that “Double Down” payment sink in. Because of the way the loan works, the first 36 “Double Down” sponsors of a month would literally be helping us to “triple-down” on our loan payment process.​

Our baseline goal is to get at least 12 sponsors a year for the next five years. With 12 sponsors this year, we will be able to pay an extra $60,000 in principle and cut over three years off the 20-year loan, which would save us tens of thousands in interest payments. Our ultimate dream is to find 80 sponsors over the next few years to help us to pay off the loan in its entirety. We know that nothing is impossible.


Now for the ask:
• Would you prayerfully consider sponsoring a month?
• Would you consider sponsoring a specific month for the next three years? July of 2025, 2026, and 2027?
• If it is not feasible for you to sponsor an entire month, perhaps you can team up with a group of friends, a small group, or others to share the burden of the goal.
• Spread the word. Do you know of anyone near or far who might be able to help?

Double down picture of pdf.PNG

To download a PDF, please click on the picture. 

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