I am 48 years old and have 3 boys (16, 13, 7) and a wonderful husband. I have so badly wanted to "get it" when it comes to living frugally, but I get caught up in suburban life and credit line mortgages.
If you are in good standing on your Mortgage payments, many banks will put you on Bi-Saver payments which means that you pay one half of your monthly mortgage payment every two weeks.
Pay Off Your 30 Year Home Mortgage in Only 18 Years
Paying one additional mortgage payment each year, whether in a lump sum or monthly increments, can lower a 30-year loan down to 18 years. If you pay more than one extra payment, the number of years will decrease even more.
I am a homeowner and unemployed recently. I have tried my mortgage company and many other loan modifications to lower my mortgage till I get employed, no one wants to help me.
If we foreclose on a second home can the mortgage company take the equity from our primary home? Each home does not have the same mortgage company. Any advice will be appreciated. Thank you.
Obtaining a Mortgage with Shaky Credit
Can anyone please tell me if there is a secure on-line mortgage company, if you have shaky credit? Thank you so much.
I need to get a loan modification, but am afraid of getting ripped off. Does anyone know of a loan modification company that is honest? Thank you.
Questions About Home Refinancing
I live in Philadelphia, PA and own a home. Now a days everyone is talking about re-financing their home loan. Someone told me that even the President has urged people to.
Second Mortgage on Foreclosed House
I had a house in GA which is foreclosed. I also had a second mortgage on it for $36,000. The collectors are calling me daily to pay the debt. Am I required to pay back the 2nd mortgage even though it was secured against my house?
I want to know if there is a way to pay off your mortgage faster. I live in Canada.
Number One Thrifty Tip: Pay Off Your House
I have been re-reading Possum Living by Dolly Freed. Her number one thrift tip is to have your house paid for.
Consumers Beware Of Quicken Loans
If anyone is researching companies to refinance to get a loan on the equity in your home, do not use Quicken Loans, Inc. The company is misleading from the first conversation and you will end up losing any money they request ($300 - $750) for a "Good Faith Estimate", not to be charged until your home is appraised once you have been approved.
Refinancing - Points Vs. No Points
When refinancing a home mortgage you will get a lower interest rate if you agree to pay 1 or 2 "points". The loan manager may offer you "6.75% with no points" or "6.25% with 2 points".
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The Home Equity Loan - Good or Bad?
Without delving into the financial cogs that make home equity loans work and by avoiding all of the percentage signs and APR numbers, here's the ultimate question. Are home equity loans good or bad ideas?
