With mortgage rates on everyone’s mind lately, I’ve got two great potential money saving tips for you.
1. As you know mortgage rates move in cycles. If you happened to get your mortgage loan at a higher rate, you may have decided to refinance when the rate was lower. Unfortunately, you […]
In a recent post titled: “Reducing Mortgage Debt: Paying down mortgages faster . . .” I discussed one way to pay down your mortgage faster. However, many you may be asking, “Isn’t it a good thing to have a mortgage? Doesn’t carrying a large mortgage allow me to reduce my overall tax liability […]
We’ve all seen amortization tables, right? It’s quite sad really. Let’s take a $200,000 P&I mortgage with a 7% interest rate. The payments for this loan would be approximately $1300 per month. In the first year, you will have paid about $15,600 in mortgage payments. Out of this, less than $2000 will go towards your […]
