Blog Category: paying down your mortgage

credit squeeze pay down debt

High Returns In Paying Down Mortgage Debt

Should you be paying down mortgage debt when you refinance? Many people measure things as a return on investment, or a percentage return. If someone said they had an investment to tell you about that would provide you a .5% return you would not even listen. If someone said they had an investment to tell you about that would provide you a 4% return risk free, you would stop and hear them. A 4% return is an 8 fold return over a .5% return! And we all know that it seems hard to even impossible to get a decent return these days without taking on what many of us think is high risk. Investing in stocks these days still feels like a high risk proposition. We all get miserable returns from banks for CD’s and savings accounts. Read More

Mortgage prepayment versus recast

Prepayment Versus Recast

When you divvy up your monthly budget pie, housing is very likely the biggest slice, especially after you add in utilities, maintenance and of course, your mortgage.  

So wouldn’t it be great if you could lower your mortgage payments without refinancing your loan? Or better yet, pay off your mortgage ahead of schedule? Read More