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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Well, it looks like its not just average Joes that have to worry about foreclosure. Johnny Carson’s former sidekick Ed McMahon is currently struggling to fight foreclosure on his hilltop estate.
Ed McMahon, who for decades appeared as Johnny Carson’s sidekick on “The Tonight Show,” is fighting to avoid foreclosure on his multimillion-dollar Beverly Hills home, [...]

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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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My wife and I have been living in our condo for the past 3 and 1/2 years, and in those 3 and 1/2 years our Homeowners Association fee has just about doubled. When we moved in, we were paying $180 per month, which was reasonable. Our homeowners association takes care of gardening, water, trash and [...]

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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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