mortgage

Should I Use an Inheritance to Pay Off My Mortgage?
  • Should I Use an Inheritance to Pay Off My Mortgage?

Should I Use an Inheritance to Pay Off My Mortgage?

By |July 12th, 2016|

The following post was originally published on Wealthminder

One of our readers recently asked us the following question:  ” I’m going to be inheriting a substantial sum of money soon.  I also recently refinanced my mortgage into a 15 year 3.5% loan, so most of my payment is going to interest.  Should I use the inheritance […]

Taking Advantage of an Interest Deduction When Refinancing a Reverse Mortgage
  • Taking Advantage of an Interest Deduction When Refinancing a Reverse Mortgage

Taking Advantage of an Interest Deduction When Refinancing a Reverse Mortgage

By |June 30th, 2016|

For many homeowners, a long-held advantage of buying a home has been the ability to write-off mortgage interest from their taxable income. It’s also possible for reverse mortgage borrowers to take advantage of similar tax strategies, which can result in rather large deductions depending on the circumstances.

Taxpayers who own their own homes are able […]

Staying Motivated While Paying Off Your Mortgage
  • Staying Motivated While Paying Off Your Mortgage

Staying Motivated While Paying Off Your Mortgage

By |March 8th, 2016|

The most expensive item most of us will ever pay for is our home.  When tackling a debt so large it can be difficult to keep up motivation to stick with it.  Even an aggressive plan can take a decade in practice and keeping up motivation over that period of time is a lofty […]

Different Approach to Mortgage Loans Outside the US
  • Different Approach to Mortgage Loans Outside the US

Different Approach to Mortgage Loans Outside the US

By |September 16th, 2015|

Housing is at the center of the forces which enable people to attain wealth. This is true everywhere in the world, and you see powerful influences coming from all corners: policy and legislation, a look at the demographics of home ownership, and national status quos of mortgage loans. These factors aren’t doled out equally, […]

The BIG Benefits of a Lower Mortgage Interest Rate
  • The BIG Benefits of a Lower Mortgage Interest Rate

The BIG Benefits of a Lower Mortgage Interest Rate

By |July 9th, 2015|

This post brought to you by Chase. The content and opinions expressed below are that of Modest Money.
I bought my first house a couple of years ago, and I can’t shut up about it. Not only am I saving bucketloads over what I used to pay in rent every month, I get to design […]

Potential Mortgage Rate Increase Creates Refinancing Opportunities for Homeowners
  • Potential Mortgage Rate Increase Creates Refinancing Opportunities for Homeowners

Potential Mortgage Rate Increase Creates Refinancing Opportunities for Homeowners

By |June 30th, 2015|

The numbers are staggering. According to research done by the University of Chicago, an estimated 20% of American households are losing an average of $45,473 by not refinancing their mortgages with some missing out on upwards of $150,000!

“People avoid refinancing because they believe the time, money, and other resources it requires aren’t worth what […]

The Bridges We Cross on the Road to Debt
  • The Bridges We Cross on the Road to Debt

The Bridges We Cross on the Road to Debt

By |June 22nd, 2015|

With my son preparing to go to college in a little more than a year, I have been thinking about my own journey from living at home with my parents to becoming an adult. Part of this transformation involved going from having no debt and no real financial obligations to being loaded down with […]

Finding Your Dream Home: 5 Ways to Save Time, Money, and Energy
  • Finding Your Dream Home: 5 Ways to Save Time, Money, and Energy

Finding Your Dream Home: 5 Ways to Save Time, Money, and Energy

By |May 8th, 2015|

To say the least, finding a dream home is an accomplishment that tops most people’s bucket lists. Whatever the desired location or living requirements of the parties involved, there is no shortage of big decisions to make.

No matter what is going on in life, you don’t need the added stress from wasting time and […]

Why I Would Pay Off My Mortgage over Investing in the Market Every Time
  • Why I Would Pay Off My Mortgage over Investing in the Market Every Time

Why I Would Pay Off My Mortgage over Investing in the Market Every Time

By |April 28th, 2015|

This post has been written by Derek Sall, the owner and head writer of Life And My Finances.

I am completely debt free. I have no credit card payments, no car payments, no student loans, and as of December 11th, 2014, I have no mortgage payments. That’s right, I own my house free and clear.

After […]

How Many Mortgage Payments Can Be Missed Before Foreclosure
  • How Many Mortgage Payments Can Be Missed Before Foreclosure

How Many Mortgage Payments Can Be Missed Before Foreclosure

By |October 22nd, 2014|

The following is a guest post about mortgage. If interested in submitting a guest post please read my guest post policy and then contact me.

For those that have a home and mortgage payments become more and more difficult to get together and pay, you’ll need to look into your options far ahead of time. […]