Last year I wrote the piece called: Paying Off Your Mortgage is Like Working a Second Job, but I think I confused some folks so I thought I’d try to explain it more thoroughly this time around. I’m going to show off my geeky spreadsheet side which is very much a part of most of… Continue Reading
Smart Reasons to Save, Use and Invest Money
Category Archives: Mortgages
Choosing Your Fixed Mortgage, 15 vs 30 Year
Eleven years ago, before my son was born, my wife and I were shopping for a house. The common advice of the day was to buy a house that you could barely afford, because you would get increasing pay raises every year that would make the house payment cheaper as time folds. Another piece of… Continue Reading
Mortgage Free versus Paying For 30 Years
Today I’m going to talk about why I believe paying off your home mortgage early makes more sense for us middle folks (and probably the upper folks too) instead of investing all of your extra money into the stock market. From some financial advisors, we hear advise such as paying off your mortgage is a bad… Continue Reading
Paying Off Your Mortgage is Like Working at a Second Job
Paying off your mortgage is like working at a second job! By paying off my mortgage early, I get to keep an additional $15,000 a year! Let’s say that you decide that your first job wasn’t enough money, or that you want to dig yourself out of debt. If you were to get a part… Continue Reading
By Percentage, The Rich Are Now The Number 1 Mortgage Defaulters
According to this New York Times article: (Click here to read), the following is taking place: More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Times by the real estate analytics firm CoreLogic. The article goes on to say… Continue Reading