I had my credit frozen at big three credit bureaus after the burglary event two years ago (see Lessons After A Burglary: Physical Security). I don't subscribe to any credit monitoring service like ...
I Paid Off My Mortgage But My Housing Cost Didn’t Go Down
December 2017. Congress passed a new tax law. The expanded standard deduction meant I wouldn't get any tax benefit from carrying the mortgage starting in 2018. I decided to pay off my mortgage in ...
Extra Mortgage Payment: Do Dates Matter?
Regular mortgage payments are set up such that you pay the same amount each month but the breakdown between principal and interest changes every month. You first pay the interest calculated from the ...
Borrow 30-Year and Invest The Difference
[Updated to reflect changes in the new tax law.] Reader Dan left this comment on my post about paying a 30-year loan on a 15-year schedule: Having your house paid off in 15 years instead of 30 ...
Prepaying Mortgage Does Not Make You Invest More In Real Estate
I shared in my weekly email update this article by Jonathan Clements: Best Investment 2018. It's about prepaying your mortgage. I said paying off my mortgage would also be my focus this year. Besides ...
Make Mortgage Payment Due On January 1 In December
This is a quick follow-up to my email to subscribers yesterday. I said I wasn't sure whether making the mortgage payment due on January 1 in December would save taxes when you will switch from ...