So after 8 hours of grueling labor last Saturday, my custom closets are finally installed. That was part of the deal for me being able to get such a huge discount on my closets - I had to do all of the demo prior to the install, and I had to help install. In my [...]

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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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A reverse mortgage is a loan that allows senior homeowners (62 years or older) to convert the equity in their homes into tax-free income without having to sell or make new or larger monthly payments. The reverse mortgage got its name because the payment stream is “reversed”, so rather than making payments towards a loan, [...]

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When applying for a home loan, you’ll often need to get a credit report so that your lender will be able to give you an idea of the amount of the loan that you will be able to secure. After all, you don’t want to spend 2 weeks looking at $500,000 houses and later come [...]

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Over the past few months as housing prices have continued fall, so it has opened up opportunities for many people who would previously not have been able to afford a house. The only problem is that for those of us who currently own a house, not only will we have a hard time selling, but [...]

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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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I just found Mint while browsing the web the other night, and it looked very interesting. Mint offers all of your account information in one place (assuming they support your bank/credit card/investment firm/etc). At first, I was a little bit skeptical, did I want to turn all of my financial information over to them? After [...]

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