mortgages

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My mortgage is coming up for renewal – what should I do now?

My mortgage is coming up for renewal – what should I do now?

HELOC vs. fixed rate vs. variable rate https://financialpost.com/personal-finance/mortgage-coming-up-for-renewal #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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Adjust Your Extra Principal Automatic Mortgage Payment When Rates Rise

Adjust Your Extra Principal Automatic Mortgage Payment When Rates Rise

I realized something important for all of you who have automatic mortgage payments and also like to automatically pay down extra principal each month. It is don’t forget to adjust your mortgage autopay amount down when rates increase. When I refinanced a primary residence loan in 2019, I decided to get a 7/1 ARM at

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FP Answers: What’s the best way to build a down payment for a condo fast?

FP Answers: What’s the best way to build a down payment for a condo fast?

Review your expenses and see where you can reduce spending to reach your goal sooner https://financialpost.com/personal-finance/best-way-build-down-payment-condo-fast #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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‘A ticking time-bomb’: The rise of the variable-rate, fixed-payment mortgage

‘A ticking time-bomb’: The rise of the variable-rate, fixed-payment mortgage

Episode 197 of Down to Business podcast https://financialpost.com/real-estate/mortgages/rise-variable-rate-fixed-payment-mortgage #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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No Regrets Getting An ARM Despite Higher Mortgage Rates

No Regrets Getting An ARM Despite Higher Mortgage Rates

On August 1, 2020, I took out a 7/1 adjustable rate mortgage (ARM) at 2.125%. I could have gotten a 30-year fixed-rate mortgage for 2.75%. However, I wanted to save 0.625% in interest. Years later, mortgage rates have zoomed higher thanks to the pandemic, massive stimulus spending, a war in Ukraine, and supply chain issues.

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Paying Off Your Home May Not Provide The Joy You Expect

Paying Off Your Home May Not Provide The Joy You Expect

Thanks to reader feedback, I realized one financial move that was not included in my top financial moves to relieve stress list, was paying off your home. Even though I thought long and hard about what to put on the list, paying off your home didn’t get a dedicated bullet point, just an add-on. For

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Higher Credit Score Now Means Higher Mortgage Fees Or Rates

Higher Credit Score Now Means Higher Mortgage Fees Or Rates

The higher your credit score, usually the lower your mortgage rate. Every time I went to apply for a new mortgage or refinance an existing mortgage, my mortgage lender would first ask for my credit score. If I said anything lower than a 720, they would politely tell me to look elsewhere. Before the 2008

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Super Bowl LVII Kicks Off the 2023 Homebuying Season

Taylor Getler writes for NerdWallet. Email: tgetler@nerdwallet.com. The article Super Bowl LVII Kicks Off the 2023 Homebuying Season originally appeared on NerdWallet. https://www.nerdwallet.com/article/mortgages/super-bowl-lvii-kicks-off-the-2023-homebuying-season-2 #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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The pros and cons of a reverse mortgage to help pay off your debts

Be cautious before entering into an agreement to chip away at your home equity https://financialpost.com/real-estate/mortgages/reverse-mortgage-pros-cons #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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The Triple Benefit Of Paying Off Your Mortgage Early

In 2022, my wife and I paid off our vacation property mortgage after 15 years of ownership. Now that it’s been a while since we paid off the mortgage, I realized there is a triple benefit to paying it off early. I didn’t realize one of these benefits when we paid off another rental property

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New FHFA Credit Score Rules Could Broaden Homeownership Access

Kate Wood writes for NerdWallet. Email: kwood@nerdwallet.com. Twitter: @https://twitter.com/therealkatewood. The article New FHFA Credit Score Rules Could Broaden Homeownership Access originally appeared on NerdWallet. https://www.nerdwallet.com/article/mortgages/new-fhfa-credit-score-rules-could-broaden-homeownership-access #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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What Is a Qualified Mortgage?

What Is a Qualified Mortgage?

A qualified mortgage is a home loan that meets federal guidelines aimed at preventing lenders from issuing loans that borrowers can’t afford to repay. These guidelines were created in the wake of the 2008 financial crisis and are designed to be less risky for borrowers and lenders alike. Qualified Mortgage Requirements The Consumer Financial Protection

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For Some Seniors, Home Is Where the Amenities Are

Few people can say that an episode of “Wheel of Fortune” changed the course of their life. Susan and Mike Pappas were in the midst of planning their retirement, with plans to soon move out of Santa Cruz, California. Settling in to watch “Wheel” one night, the couple saw Jimmy Buffet advertising his Latitude Margaritaville…

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