A 50-year mortgage is what it is. It is a home purchase loan that adds two decades to the standard mortgage payoff of 30 years. The longer term also delivers very low monthly payments despite its large loan size. Still, would the savings from its supposed low payments be worth it in the long Read more
How Can You Benefit from an Accelerated Mortgage?
One trick to pay off your mortgage quickly is by paying an extra one-month payment per year. This is either done by paying one lump sum annually, or by splitting a month’s mortgage payment into two and sending payments every other week (biweekly).This trick is known as accelerated mortgage. Does Read more
How to Get Lower Mortgage Payments?
Mortgage payments take up a significant part of your monthly income. When buying a home, how much of your paycheck goes to paying your home loan is therefore a significant point of consideration. Take note that it is not the only expense you’re going to have to answer to. There are your utility Read more
