If you have a 15 or 30-year mortgage, it may seem like it will take forever to pay off your debt. Thirty years, or even 15 years, is a very long time to continually have to make payments on something even though it is your house. However, there is a trick to the mortgage payment system that allows you to pay off your mortgage even quicker than you expect with little pain out of your pocket. It is called a bi-weekly mortgage. What Is a Bi-Weekly Mortgage? A bi-weekly mortgage is just like it sounds. You make mortgage payments every … [Read more...] about What Is a Bi-Weekly Mortgage Payment?
Real Estate
stREITwise Review – Easy Real Estate Investing for Investors
Real estate is one of the most consistently lucrative investment opportunities available, but for so long, large rental properties and commercial real estate have been limited to accredited investors and/or exclusive investment firms catering to high net worth individuals and groups. Thanks to the expansion of fintech (financial technology) innovations, it appears the exclusivity of commercial real estate investments is going away, in favor of letting everyday investors access the profitable world of big-time real estate investing. For … [Read more...] about stREITwise Review – Easy Real Estate Investing for Investors
Why I Am Considering Refinancing My Mortgage
When I was in the bank the other day, the teller was telling me about the new rates on a 30 year fixed rate mortgage and how I could save by refinancing my current loan. So, it got me thinking about my mortgage. So, I thought that I would consider refinancing my mortgage. Here are a few things to consider when looking at refinancing and what I look for when refinancing my mortgage. With interest rates on the rise, lock in a low, fixed rate with Figure’s Home Equity Loan Plus today. Refinancing a Mortgage My Current Interest Rate When my wife … [Read more...] about Why I Am Considering Refinancing My Mortgage
Should Property Investors be Concerned About Anti-Airbnb Laws and Regulations?
Housing costs are astronomical these days, especially for renters who aren’t able to save up for a down payment on a home, or people who relocate too frequently for work to justify buying a home. In order to keep housing costs under control and mitigate homelessness issues, many public policy officials have started implementing stricter regulations on short-term rentals through Airbnb. There have been claims that landlords have evicted long-term tenants in order to cash in on the short-term rental market, which has caused greater … [Read more...] about Should Property Investors be Concerned About Anti-Airbnb Laws and Regulations?
Buying Your First Home? 5 Steps to Take to Get Ready
Looking for your first house is an exciting time. Whether you’re moving from your parent's place, going from an apartment into a home, or you’re newlyweds looking at your first property together as a couple, home-buying is thrilling. If you’re not prepared though, looking at homes can be overwhelming, disappointing, and discouraging. There are steps to take before you look, during the process of viewing homes, and while you put in your offer. All of these steps help to ensure that your home-buying experience goes as smoothly as … [Read more...] about Buying Your First Home? 5 Steps to Take to Get Ready
Should You Save For a House or Save For Retirement When You Have Student Loans?
The student loan debt bubble recently approached the $1.5 trillion mark, with few signs of slowing down. This problem isn’t isolated to recent college grads and 30-somethings, either. Parents and grandparents are on the hook for millions of loans both as current and former students themselves or co-signers of loans. Even more alarming is the fact that 40% of the 65+ year-old borrowers or co-signers are in default on their loans. The personal and societal consequences student loan debt, combined with the problem of people not saving enough … [Read more...] about Should You Save For a House or Save For Retirement When You Have Student Loans?