Some of the old rules for buying versus renting when you’re relocating are either outdated or don’t apply to everyone. Here are some new rules.
Effectiveness of “Borrow 30-Year and Invest The Difference”
A 30-year loan has lower monthly payments than a 15-year loan. See why investing the difference in monthly payments doesn’t pay off for a long time.
My Credit Score Dropped This Much After I Paid Off My Mortgage
Paying off your mortgage can make your credit score drop, but maybe that’s OK.
I Paid Off My Mortgage But My Housing Cost Didn’t Go Down
The largest cost of owning a home free-and-clear is the opportunity cost of the money tied down to the home. Full cost of housing includes both cash expenses and the opportunity cost.
Extra Mortgage Payment: Do Dates Matter?
If you are paying extra toward your mortgage, does it matter which day you make the extra principal payment within a month?
Prepaying Mortgage Does Not Make You Invest More In Real Estate
Your home does not know you have a mortgage.
Make Mortgage Payment Due On January 1 In December
Making mortgage payment due on Jan. 1 in December will lower your taxes if you will switch from itemizing to the standard deduction.
Savings Rate and Mortgage Loan Payments
The final answer on whether loan payments are savings or an expense.
Bay Area Real Estate: Buy Now Or Wait?
What should you consider if you are thinking of buying a home in the San Francisco Bay Area now?
The Right and Wrong Reasons To Buy A Home
Homebuyer survey results show that no everyone is buying a home for the right reasons.
Is Home Mortgage Simple Interest Or Compound Interest?
I had a good chuckle while reading this epic discussion thread on the Bogleheads Investment Forum: Does a home mortgage use Simple or Compound Interest? It sounds a like factual question, as in "Is Miami located to the north or south of Boston?" The answer shouldn’t be ambiguous or subject to opinion or interpretation. You […]
Pay Down Mortgage vs Investing In Bonds
In a low interest rates world, you should take a serious look at any loans you have. Although a 3.25% 30-year mortgage is often said to be "cheap money" or "almost free money" it’s neither cheap nor nearly free compared to the rate you earn on your bonds. This chart shows the difference between the […]