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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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 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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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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Well, after making 3 payments at my new adjusted rate on my 3/6 ARM that I used to buy my house, I’ve decided that it’s time to refinance my adjustable rate mortgage to a 30 year fixed. After 3 years at an absurdly low rate of 3.125%, my primary mortgage has adjusted up to its [...]

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As a self-employed individual, buying a house was one of the biggest decisions of my life up to this point. As those of you who are entrepreneurs may know, income sometimes has a tendency to fluctuate a bit for those who are self-employed. Anyway, when purchasing my first home, I was only able to come [...]

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