Banking, Mortgage

Refinancing Our Mortgage

In an effort to both save money on interest and lower our monthly mortgage payment, we have decided to consider refinancing our mortgage.  I have spoken with several lenders and it looks like we can refinance our loan – and reduce or interest rate by more than a full percentage point. When we purchased our home nearly two years ago, rates were already very low (historically speaking).  We happy with our rate and figured that we would just stick with it, pay off our mortgage as quickly as possible, and be happy.  However, since that time, rates have continued to drop – and are now at the point where, even if we have to pay a little in closing costs,…

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Banking

Automated And It Feels So Good

I’ve always resisted fully automating our finances.  Recently, however, I’ve had a change of heart.  Now, not only are most of our monthly bills paid online, but I’ve also automated deposits for savings, and payments towards our mortgage. We have a power bill, a telephone bill, a satellite bill, and a cellphone bill.  Each of these is delivered electronically, via email.  The only “paper” bill that we receive is the one from our local water department.  With online and instant access to our accounts, it’s extremely easy to pay bills, check current balances, and keep things organized.  As the bills arrive in my inbox, I look them over, make sure that everything looks to be in order, and make payments…

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Banking, Investing, Retirement

Roth IRA Deposit Gone Awry

I have just gotten off of the phone after the better part of an hour.   I can’t be sure, but I think I’ve fixed a problem, that until today, I never knew existed. The background – I have a Roth IRA.  My wife has a Roth IRA.  One of my goals for 2009, is to fully-fund both Roth IRAs.  We have a joint checking account.  From time to time, I will send a payment (deposit) from our checking account to the brokerage where we have our Roth IRAs.  Clear enough?  Good. The problem – Last week, I logged in to my checking account, and initiated two payments (deposits), one for my Roth, one for my wife’s Roth. Today, when…

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