Budgeting and reducing your mortgage
A word about budgeting: it is so simple and basic but often overlooked. It's also a bit like a trip to the dentist in that no one would choose to do it for fun, yet if it's something you do regular...
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Paying Off Your Mortgage Sooner: Have a Vision
Some of us are better at discipline than others, just as some of us are more prudent consumers than others and are more aware of how we can be swayed by external factors. There's no doubt though that it's not easy to be disciplined with the amount of advertising we are exposed to, and it would be naive to assume that advertising has no effect. Today's marketers are doing their job well. They've had decades of practice and it is effective. This means your vision needs to be strong and clear, because if you don't have a clear vision, and the resolve which stems from it, you are at the mercy of the barrage of products ...
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Mortgage Reduction: The power of one dollar
?I can resist everything but temptation.?Oscar WildeLet's say you earn $5,000 a month, and each month you spend $4,999, so the crumb that's left behind is one dollar. What happens with...
Buying a property, which loan type?
Most loans require regular periodic payments of principal and interest over a fixed term, although you can choose an ?interest only? loan, and pay the principal in a lump sum at the end of the loan...
What is lenders mortgage insurance?
Your lender may require mortgage insurance if you are borrowing 80% or more of the value of the property (60% or more for low doc loans). You pay a one-off insurance fee, but the amount is added to...
Financing a New Home Purchase: An Introduction
You will likely need to borrow a large amount of money over a long period of time to fund the purchase of your home, so it is important to take great care to choose the right lender, and negotiate ...
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Financing a New Home Purchase: An Introduction
You will likely need to borrow a large amount of money over a long period of time to fund the purchase of your home, so it is important to take great care to choose the right lender, and negotiate ...
Paying Off Your Mortgage Sooner: Have a Vision
Some of us are better at discipline than others, just as some of us are more prudent consumers than others and are more aware of how we can be swayed by external factors. There's no doubt th...
Budgeting and reducing your mortgage
A word about budgeting: it is so simple and basic but often overlooked. It's also a bit like a trip to the dentist in that no one would choose to do it for fun, yet if it's something you do regular...
Buying a property, which loan type?
Most loans require regular periodic payments of principal and interest over a fixed term, although you can choose an ?interest only? loan, and pay the principal in a lump sum at the end of the loan...
Reducing your mortgage using a cash-based system
While the line of credit is intellectually great, very few people can make it work. A cash-based system works best for most people because it provides near-instant feedback when they overspend....