We just paid the 2nd to the last payment on our mortgage! It’s an odd feeling. Now that I’m so close I’m actually feeling a bit anxious about what comes next after we do pay off the mortgage. At this point, we’ll be totally debt-free. We don’t have any car loans (I paid off my… Continue reading My Mortgage Countdown #2, Then There Was 1…
Category: Mortgages
Are You Thinking About Refinancing Your Mortgage? You Should Be…
Have you been thinking about refinancing? The mortgage rates are still very low right now, but starting to rise again. Check out bankrate.com and other online mortgage rate services for the most recent rates! In November, inflation started to increase, and that means that the Feds will be looking hard at whether to raise rates… Continue reading Are You Thinking About Refinancing Your Mortgage? You Should Be…
My Mortgage Countdown #3, Year End Financial Crunch
It already feels like I’ve crossed the debt-free threshold! Mortgage Countdown #3 December is always tight for us! Especially this year since we took our first trip to Disney. It also gets tight because I claim zero exemptions (I know this is a bad idea). Once my house is paid off, I’m going to change… Continue reading My Mortgage Countdown #3, Year End Financial Crunch
Fixed versus ARM Mortgages
Okay, let’s review the choices! First, what is a “Fixed rate mortgage loan”? These are loans where the interest rate is a non-changing rate, so the interest and principal payment portion of the loan will always stay the same throughout the life of the loan. This type of loan is the best type in my option, because of… Continue reading Fixed versus ARM Mortgages