Shortly after we bought our first home, I threw together some spreadsheets to examine the amortization of our mortgage. I wanted to experiment how prepayments towards the principal of our loan would affect the total amount of interest we paid to the bank. I learned a couple things that I thought I’d share. More Interest… Continue reading The Effect of Early Loan Payments

A few weeks ago we closed on a refinance of our mortgage. We kicked off the process mid-February, before the COVID-19 storm really kicked in. We closed just shortly after the market did the dizzying drop mid-March. Why refinance now? Rates had dipped in early February to the point where we could drop another .75%… Continue reading Is A Refinance Worth It?