So you plan to sell your home in, say, 7 years. Does it make sense to throw extra money at it to pay-down the principal? Let's look at a scenario. You took out a 30-year mortgage, with a "good rate," which should give you a manageable monthly payment. You begin...
Refinance Addict
Hello. Hope you had a great day today. Are you a homeowner? Use your home to reduce other debts. No, not a Home Equity Line of Credit (HELOC). How many times have you refinanced since becoming a homeowner? Once, twice, more? Did you reduce other debts by including them in...
Pay Off Your Mortgage In A Few Years
Yes. Pay your mortgage in a very short time. As little as 10 years or less, with the money you have on hand. Scratching your head? How is this possible? Forget everything you learned about being a homeowner. No one is a "Homeowner" if there is $0.01 still owed to...
Road Not Taken: Pay Yourself First
We spend so much money every day to make our lives work efficiently, but it is really important that we save funds for our near-future and long-term future needs. A simple budget is a must. In writing, split every dollar to meet all expenses. It is most important to set...