Category Archives: Mortgage
First Extra Principal Payment Has Been Sent
A few days ago, I made my very first mortgage payment. It felt so good, today, when I logged on to our mortgage company’s website and saw that the payment has posted. It felt not-so-good to see just how much of our payment was applied to interest – and how little was applied to principal. [...]
The Plan Of Attack – How I Plan To Pay Off My Mortgage Early
My wife and recently purchased our first home. Here is my plan to pay off our 15 year mortgage in 10 years – or less! Opening Fire – We will us online bill pay to make our regular, monthly mortgage payments. I have already scheduled for our monthly payment to be sent from our bank [...]
What Will It Take To Pay Off Our Mortgage Early?
In a few weeks, we will make our first mortgage payment. Our mortgage is a fixed-rate 15 year mortgage. Obviously, I’m not a fan of debt – and I’m going to work very, very hard to pay our mortgage off early. Using a mortgage calculator I calculated the following the scenarios for paying the mortgage [...]
The New House And New Goals For 2010
It’s been a full week and we are loving our new home. We are still waiting for the new furniture for our living room to arrive, along with some bar stools for the kitchen, but other than those items, we are all settled. (If you ever want to find out just how much stuff you [...]
We Are Buying A House!
I cannot tell you how excited my wife and I are. This afternoon, we are closing on the purchase of our new house! For the past several years, we have lived in a house provided by my employer. Recently, we decided that the time was right to buy a house of our own. (Honestly, we [...]