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Viewing the 'Mortgage Chips' Category

Mortgage Chips To Date

December 1st, 2014 at 01:45 pm

I have made my scheduled mortgage payment, along with an extra $14.73. My new balance is $171,075.00.

Chips to date: $1,550.17

Interest savings this month: $5.44

Interest savings to date: $52.17

Eventually, the interest savings on the chips I have already made will compound to $3,399.23, provided I own this house until the mortgage is paid in full.

Mortgage Chips To Date

November 4th, 2014 at 08:53 am

My mortgage payment has posted. I received a $25 credit from Wells Fargo Home Rewards and I have paid an additional $15.75. My new balance is $171,375.00.

Chips to date: $1,535.44

Interest savings this month: $5.37

Interest savings to date: $46.73

Eventually, the interest savings on the chips I have already made will compound to $3,368.88, provided I own this house until the mortgage is paid in full.

Still small, but slowly building momentum. Smile

Mortgage Chips To Date

October 2nd, 2014 at 02:30 pm

My mortgage payment has posted, and I have paid an additional $16.87 to round the balance down to $171,700.00.

Chips to date: $1,494.69

Interest savings this month: $5.20

Interest savings to date: $41.36

Eventually, the interest savings on the chips I have already made will compound to $3,284.23, provided I own this house until the mortgage is paid in full.

Mortgage Chips To Date; MrsM180's Bday

September 4th, 2014 at 08:18 am

My mortgage payment has posted, and I have paid an additional $17.90 to round the balance down to $172,000.00.

Chips to date: $1,477.82

Interest savings this month: $5.13

Interest savings to date: $36.16

Eventually, the interest savings on the chips I have already made will compound to $3,248.99, provided I own this house until the mortgage is paid in full.

Today is MrsM180's birthday! She and her dh spent last night at their new place, but will be by this evening for birthday cake.

Mortgage Chips To Date

August 8th, 2014 at 08:40 am

Even though I am not actively chipping at the present time, the interest savings continues to compound, and I want to continue to track it.

During July, I automatically chipped $25.00 from Wells Fargo Home Visa credit card rewards.

Chips to date: $1,424.64

Interest savings this month: $4.99

Interest savings to date: $31.03

Eventually, the interest savings on the chips I have already made will compound to $3,137.52, provided I own this house until the mortgage is paid in full.

Mortgage Chips To Date

July 4th, 2014 at 09:56 am

My mortgage payment has posted, bringing the balance down to $172,641.29.

Chips this month:
part-time job $160.00
budgeted extra $54.36
WF Visa $25.00
Bill Me Later refund $8.67
CC rewards $6.82
found on sidewalk $1.00

Total chips this month: $255.85

Chips to date: $1,399.64

Interest savings this month: $4.70

Interest savings to date: $26.04

Eventually, the interest savings on the chips I have already made will compound to $3,084.56, provided I own this house until the mortgage is paid in full.

So, not a bad collection of chips in approximately 1 year of chipping. I have eliminated 5 payments from the end, and reduced a 6th.

As I said yesterday, I am going to stop chipping in favor of accumulating cash. I will still track my credit card rewards as they are received. But now, they will go into my car fund instead of towards my mortgage.

Mortgage Chips To Date

June 4th, 2014 at 08:34 am

My mortgage payment has posted, bringing my balance down to $173,176.92.

Chips this month:
budgeted extra $54.36
CC rewards $19.12
HauserNet $4.75

Total chips this month: $78.23

Chips to date: $1,143.79

Interest savings this month: $3.80

Interest savings to date: $21.34

Eventually, the interest savings on the chips I have already made will compound to $2,553.55, provided I own this house until the mortgage is paid in full.

I have some nice chips on the horizon. I am working on that $400 WF AmEx reward. Also, I intend to begin chipping my part-time job earnings. I am feeling more confident about the balance in E Fund, now that BF is finally on the ball about selling his house.

Mortgage Chips To Date

May 5th, 2014 at 08:48 am

I made some good progress in April, between credit card rewards and my impount account refund. Smile

My mortgage payment has posted, bringing the balance down to $173,533.09.

Chips this month:
CC rewards $190.23
impound refund $146.72
budgeted extra $18.62
wallet sweep $4.00

Total chips this month: $359.57

Chips to date: $1,065.56

Interest savings this month: $3.64

Interest savings to date: $17.54

Eventually, the interest savings on the chips I have already made will compound to $2,371.66, provided I own this house until the mortgage is paid in full.

Mortgage Chips To Date

April 6th, 2014 at 02:15 pm

My mortgage payment has posted, bringing my balance down to $174,169.50.

Chips this month:
WF Visa $25.00
budgeted extra $18.62
CC rewards $16.05
HauserNet $5.25

Total chips this month: $64.92

Chips to date: $705.99

Interest savings this month: $2.40

Interest savings to date: $13.90

Eventually, the interest savings on the chips I have already made will compound to $1,649.42, provided I own this house until the mortgage is paid in full.

Mortgage Chips To Date

March 4th, 2014 at 08:35 am

My mortgage payment posted yesterday, bringing the balance down to $174,509.08.

Chips this month:
budgeted extra $18.62
CC rewards $13.19
wallet sweeps $6.00
HauserNet $3.25

Total chips this month: $41.06

Chips to date: $641.07

Interest savings this month: $2.17

Interest savings to date: $11.50

Eventually, the interest savings on the chips I have already made will compound to $1,449.49, provided I own this house until the mortgage is paid in full.

Mortgage Chips To Date

February 4th, 2014 at 09:20 am

I made my very first mortgage chip on this mortgage in February of 2013. That first month, I saved $.09 of interest. This month, I saved $2.02. While it is still not much, it is picking up speed. Smile This coming month, even with no new chips, I will save interest on $600.01 + $9.33, which will amount to $2.09.

Update: And there will definitely be new chips, as I just now chipped another $13.19 from credit card rewards redeemed today.

My mortgage payment posted today, bringing the balance down to $174,823.64.

Chips this month:
CC rewards $108.64
budgeted extra $18.62
wallet sweeps $13.00
HauserNet $8.00

Chips this month: $148.26

Chips to date: $600.01

Interest savings this month: $2.02

Interest savings to date: $9.33

Eventually, the interest savings on the chips I have already made will compound to $1,359.50, provided I own this house until the mortgage is paid in full.


Mortgage Chips To Date

January 3rd, 2014 at 08:30 pm

My mortgage payment posted today, bringing the balance down to $175,244.32.

Chips this month:
SwagBucks $25.00
budgeted extra $18.62
wallet sweeps $11.00
Tango $4.19
Pine Cone $3.00

Total chips this month: $61.81

Chips to date: $451.75

Interest savings this month: $1.48

Interest savings to date: $7.31

Eventually, the interest savings on the chips I have already made will compound to $1,030.52, provided I own this house until the mortgage is paid in full.

Mortgage Chips To Date

December 5th, 2013 at 08:29 am

This month's mortgage chips were:
WF Visa $25.00
budgeted extra $13.62
wallet sweeps $10.00
Pine Cone $6.00
HauserNet $3.50

Chips for the month: $58.12

After making my regular payment, my mortgage balance is down to $175,577.08.

Chips to date: $389.94

Interest savings this month: $1.29

Interest savings to date: $5.83

Eventually, the interest savings on the chips I have already made will compound to $892.81, provided I own this house until the mortgage is paid in full.

Beginning Jan 1st, I intend to bump my automatic mortgage payment up another $5.

Mortgage Chips To Date

November 15th, 2013 at 11:01 am

I thought I would start a running tab of my mortgage chips since my last refi in June 2012.

Chips to date: $331.82

Interest savings this month: $1.11

Interest savings to date: $4.54

Eventually, the interest savings on the chips I have already made will compound to $762.24. Assuming I own this house until the mortgage is paid in full, which I probably won't.

Not much progress yet, but increasing steadily. Smile

Chip history details:

Feb 2013 - Wells Fargo Home Visa rewards, $25.00
March 2013 - WF Visa $25.00, budgeted extra $3.37
April 2013 - WF Visa $25.00, budgeted extra $3.37
May 2013 - budgeted extra $3.37
June 2013 - WF Visa $50.00, budgeted extra $3.37
July 2013 - WF Visa $50.00, ? $5.00, budgeted extra $3.37
Aug 2013 - WF Visa $25.00, budgeted extra $3.62
Sept 2013 - budgeted extra $13.62, Pine Cone $6.00, wallet sweep $4.00, HauserNet $1.50
Oct 2013 - InBox Dollars $41.53, budgeted extra $13.62, wallet sweep $8.00, wallet sweep $7.00, Dwolla $5.08, Pine Cone $3.00, HauserNet $3.00

Total: $331.82



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