If you’re in the market to purchase a new home, your first step will most likely be seeking out a mortgage. Continue reading
On the road to the nirvana of financial freedom, you will find the speed bump of mortgage payments. You are not alone. Of the $13.15 trillion that Americans owe, $8.88 trillion is in the form of mortgage loans. So, should you pay off your mortgage wholly or invest more for financial protection?
The answer to this question is not always cut and dry. Wishes aren’t horses, and your desire to be free may be in sharp contrast to your financial statements. A delicate balance between your desires and financial insight is what is needed to make the right call. Continue reading
According to the National Association of Realtors, 9.3 million homeowners lost a home between 2006 and 2014, which was largely tied to the infamous Housing Market Crash of 2007. Since then, real estate and banking loan policies have tightened up to prevent another housing crash, but there’s no question that foreclosure and short sales are devastating losses still happening today. Currently, there are nearly 1 million properties in the United States in a state of foreclosure. Continue reading