Let's look at a scenario. If anything happens to you while paying off your mortgage in, say 7 years, your family is covered by a term-life insurance policy. You buy a 20-year $1 million term-life insurance policy at $20 per month. After setting up your mortgage payment schedule to stay...
Don’t Fake It Till You Make It
No. Make it by being responsible with your earned-money. The news says that the price of regular items is rising. Keep a simple budget. Look at it every time you want to spend to make sure you have the money. Once upon a time grandparents and parents would cook at...
You did not borrow interest on your mortgage
Let's look at a scenario. Congratulations, you have always wanted to own a home. But you do not have enough money saved to put down 20%. What can you do? You are advised that you qualify for 2 mortgages. 1) An interest-only and the normal principal/interest payments. What does this...
Let your family members earn that inherited house
Let's look at a scenario. You give birth to a child. Over your working years you were able to provide a good life with the income you earned. Because of your efforts, your child has been able to earn a better income than you ever did.During the years you were...