Mortgage Payments: Why Doing It Faster Doesn't Pay Off

Mortgage Payments: Why Doing It Faster Doesn't Pay Off

But in reality you pay an even lower rate when factoring in tax breaks. The federal government gives borrowers a break by allowing them to deduct mortgage interest from their income. And if instead of using the extra cash to pay down your mortgage you …

Read more on Huffington Post

Getting a Mortgage In Your 50s

Is paying off the mortgage more important than maximizing retirement savings? It will take some number crunching and maybe some help from a trusted financial adviser, but maximizing retirement contributions may net you more money than the money you …

Read more on Investopedia

Pay a lower rate without refinancing

It calculates your interest savings over the remaining loan term and your effective interest rate as a result of making extra payments. The LowerRate calculator can be used if you want to aim for a specific interest rate. “If you can't refinance your …

Read more on Washington Post

Paying Off Your Mortgage or Investing Can Be a Tough Call

In my financial planning discussions, a question that universally comes up with clients, young and old, is whether they should pay more on their mortgages each month or take the extra money and invest it. The answer is not always straightforward …

Read more on NerdWallet (blog)

The post Mortgage Payments: Why Doing It Faster Doesn't Pay Off appeared first on SmiLoans.

from WordPress http://ift.tt/1BSBYpH

via IFTTT