All Posts Tagged With: "prepay"
Caution: Refinancing with Low Mortgage Rates May Not Work
I got a letter from my mortgage lender offering to refinance my home. I could lower my rate, said the letter, and I might save money. Actually, both claims are correct but the bigger issue is whether refinancing is actually worthwhile. According to the letter my mortgage rate would drop from 4.63 percent to 4.46 [...]
30Jan2012 | Peter G. Miller | 0 comments | Continued
Can Bi-Weekly Loans Stop Mortgage Foreclosures?
If you have a bi-weekly mortgage will your payments be more in line with your paycheck, thus lowering your costs and reducing the chance for foreclosure? Imagine that a household has two wage-earners who take in $100,000 per year. Lenders allow them to finance with monthly payments equal to 31 percent of their income or [...]
28Mar2011 | Peter G. Miller | 0 comments | Continued
Psst — Wanna Pay off Your Mortgage By January?
Step right up folks and just let little old me pay off your pesky mortgage. You say you’re bothered by the constant need to re-pay your mortgage? I say, why bother? You need the money for other things? I understand. With my insider’s knowledge and the sure-and-certain home loan payment guarantee program, in just a [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
Should You Prepay Your Mortgage?
Does it make sense to prepay your mortgage or buy real estate with a big downpayment? Buying with no money down in a rising market can be — with caveats — attractive. The caveats? First, there are no guarantees that either prices or rental rates will eternally rise. Second, less down means more debt and [...]
18Sep2008 | Peter G. Miller | 1 comment | Continued
How And Why To Prepay Your Mortgage
One of the best ways to have more cash, retire early, and enjoy debt-free living is to prepay your mortgage, an option which even lenders increasingly applaud. For financial reasons and as a matter of personal preference, many people favor a home with less debt. Why wait 30 years to be mortgage-free, they reason, when [...]
11Sep2008 | Peter G. Miller | 0 comments | Continued
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