Georgia Sales Tax Holiday 2012 August 10 – 11

This Friday and Saturday, Georgia shopper’s can take advantage of the state’s first sales tax holiday since 2009. According to the official Sales Tax Holiday Fact Sheet – available as a PDF on the Georgia Department of Revenue website – During the August 10-11 sales tax holiday, the following items will be exempt: Clothing (including footwear) with a sales price of $100.00 or less per item Single purchases, with a sales price of $1,000.00 or less, of personal computers and personal computer-related accessories General school supplies to be used in the classroom or in classroom-related activities with a sales price of $20.00 or less per item My family and I live in Georgia and I’ll definitely do some comparison shopping…

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Debt Reduction, Mortgage

Mortgage Payoff Progress for July 2012 with Chart

It’s that time again – time for an update on our mortgage payoff progress.  As a reminder – My wife and I have a conventional, fixed-rate 15-year mortgage.  Also, yesterday, we finalized the process of reducing the interest rate on our mortgage, and re-amortized our loan.  So, our August 1st payment was the last payment made under the old interest rate – and the September 1st payment will be the first to be made under the new interest rate. My wife and I purchased our first home back in February of 2010. Since then, we have been working hard to reduce our mortgage principal and payoff our mortgage early. Our goal is to pay it off our mortgage in less…

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Lowered The Interest Rate On Our Current Mortgage

I have just completed and mailed the paperwork necessary to lower the interest rate on our current mortgage. As I mentioned just a few days ago, my wife and I have been considering refinancing our mortgage.  Interest rates on a 15-year fixed-rate mortgage are significantly lower now than they were when we financed our home nearly three years ago, so we decided to do some research. We contacted several mortgage lenders and brokers – and were impressed by the rates we were offered.  I was hesitant, however, to go ahead with the refinance, for three reasons.  First, I really didn’t want to deal with the paperwork and documentation required for a refinance.  Second, I really, really didn’t want to start…

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