Originally, when I had started this blog, it was meant to chronicle the process of accelerating my mortgage payments. I had initially set out to use the revenue that I earn from online income to go toward extra principal payments on my mortgage, which would in turn, decrease the amount of interest that I paid [...]

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So only one month after starting to make additional principal payments on my mortgage, I have already skipped one. I decided to use my economic stimulus check combined with the money that I was going to use for my additional principal payment to have custom closets installed in our master bedroom.
This was a once in [...]

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Back in mid-June, I sent in an additional principal payment in the amount of $2,500 to be applied to my mortgage. I figured that since the stock market has been so slow recently, I might as well put my money into something that may give me a solid return (by making that single payment, I’ll [...]

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I just read a great article on eHow that basically gives each step in paying off your mortgage in combination with a HELOC. I believe the article gives a general outline of how a money merge account (MMA) would work should you choose to purchase the software. As outlined in the article, there are only [...]

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I just checked my account status at Wells Fargo and I saw that my payment was applied on Monday, June 16th. Not bad, considering that my check was sent on Thursday, June 12th. Pretty quick turn around. And the best part is that the $2,500 is still in my checking account as of 12am on [...]

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What is a Money Merge Account? There are many options out there for money merge accounts, but one of the primary ones that I found was by a company called UFF. Basically, they explain the money merge account as a means to paying off your mortgage in 1/2 to 1/3 of the time that it [...]

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When I started this blog, my primary goal was to start not only start paying down my mortgage faster through accelerating my payments to principal, but I also wanted to provide my readers a platform to share their questions, concerns, past experiences or better options that they might have. One common question that has been [...]

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So I just wrote the check for my first extra principal payment. We’re halfway through 2008 and my goal is to apply an additional principal payment with each of my remaining mortgage payments through the remainder of 2008. Ideally, I’d like to send in at least double the amount of principal that is being paid [...]

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I’ve set the date for my first additional principal payment on my mortgage for June 15th. Since my first extra principal payment will be getting funded by my tax refund (which I have already received) I don’t see a problem in sending the payment in on June 15th – I just want to make sure [...]

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Since I refinanced in October of 2006, only about $4,500 of my combined monthly payments have gone toward paying down my principal balance on my house. That means that on average, only about $250 out of each $1,500 mortgage payment goes toward the principal balance on my house. I’ve seen and read about a few [...]

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