My repayment plan

Some time in 2011, my wife and I formulated a plan to hopefully pay off our outstanding debts. The table below displays my debt load as of 14 Feb 12.

Loan	Balance	Interest	Scheduled payoff	Current payment
Car A	$3,661	4.69%	15 Oct 13	$194
Car B	10,417	3.14	9 Jan 2016	236
Student loan A	25,631	2.88	14 Jun 25	200
Student loan B	6,217	5.00	25 Dec 16	135
1st mortgage	91,018	6.25	1 Jul 34	774
2nd mortgage	18,203	8.38	29 Apr 17	316
Credit card	7,622	6.00	15 Feb 15	306

Currently about 52% of my net income is used to repay loans. That's way too much!

We are now in a position to begin accelerated payments on principal. After almost 12 years as a stay-at-home mom, my wife has re-entered the public workplace. Her income will be used to pay down principal, one lender at a time.

Our first target is the lesser of the two car loans. As we pay off a loan, we plan to roll the previous monthly payment into the next loan. The next table shows our repayment priority.

Priority	Loan
1	Car A
2	Student loan B
3	Credit card
4	Car B
5	2nd mortgage
6	Student loan A
7	1st mortgage

If all goes well, we should be 100% debt-free by June 2017. My plan is to submit a post after each payment on principal.

Comments and encouragement are welcome.