Some of the old rules for buying versus renting when you’re relocating are either outdated or don’t apply to everyone.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.
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.
Paying off your mortgage can make your credit score drop, but maybe that’s OK.
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.
If you are paying extra toward your mortgage, does it matter which day you make the extra principal payment within a month?
Your home does not know you have a mortgage.
Making mortgage payment due on Jan. 1 in December will lower your taxes if you will switch from itemizing to the standard deduction.
The final answer on whether loan payments are savings or an expense.
What should you consider if you are thinking of buying a home in the San Francisco Bay Area now?
Homebuyer survey results show that no everyone is buying a home for the right reasons.
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 […]
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 […]