According to Warren Buffett legendary investor of all time, when the tide goes out you will find out who’s naked. Being in debt can only last so long. And if your home values fall or there is a stock market collapse you will quickly know if you are in a position to afford your home. If the greatest investor of all time can tell us to be debt free and invest in what we know, maybe we should take some lessons from him.
Get Out Your Mortgage: How To Get Out Of Mortgage
October 15, 2011 Leave a Comment
Of all the bills you pay in life, the interest on your mortgage is probably one of the biggest. Taking even small steps today to pay off your mortgage quickly can save you a ton of money over the life of your loan and get you out of mortgage debt much faster – which means you’ll have a lot more money to invest in your retirement, college funds, or use for fun stuff.
Making Home Affordable Plan: Yes, You Can Still Afford Your Dream Home
September 20, 2011 Leave a Comment
Loan modification is the answer for homeowners who want to keep their homes. Unfortunately, this need makes people fall trap into the money-making scams of fraudulent companies. Some even claim a 95% approval rate for their loans. Many homeowners become victims of this fraud. Instead of keeping their home, these people end up losing their property.
Obama Mortgage Rescue Plan: Home Stimulus Plan, Can it Save Your Home?
August 10, 2011 Leave a Comment
To fully understand how the Obama Loan Modification program works you must understand these features of the Obama mortgage rescue plan. Payments for the Depreciation of the Price of the Home: As an incentive for lenders/investors modifying more loans, they will be compensated to offset losses resulting from the decline of the price of homes. This will be in the form of a single payment on every loan modified and still active in the Plan.
Good Suggestions for Refinancing Your Home Existing Mortgage
April 30, 2011 Leave a Comment
Probably the most optimal time to get a refinance on your mortgage is when you can improve your mortgage terms and lower your cost of borrowing. If you are not improving the terms of your mortgage and you are not actually lowering the cost of borrowing, then it’s not a good idea to refinance.