Opelika church pays off $700,000 debt nearly 15 years early.
Mt. Zion AME Church celebrated paying off a hefty mortgage debt today.To seal the accomplishment of paying off their $700,000 mortgage nearly 15 years early, members, former pastors, the current pastor and other special guests served up a burnt sacrificial offering, the church’s mortgage papers.
According to the former pastor, Dr. Wendell Jones, a new church was built on the Mt. Zion AME property under the pastor-ship of former pastor, Lewis Williams, and in 2005 members moved into the newly built church, incurring more than half a million dollars in mortgage debts. A plan Walker came up with in 2008, when she first inhabited the church. She called it ‘The Mortgage Reduction Plan’.
“Probably within a year of being here we just restructured the mortgage altogether so that we could pay more on the principal and less on the interest,” explained Jones.
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