When you dream of the good life, living in a house that you own is probably one of those things you think about often. If this is true, then you are not alone, and owning a house is commonly included in the list of future goals for most individuals. If you are purchasing a house for the first time, there are some important things that you should avoid. First time home buyers often make the same mistakes and knowing the most common ones will [...]
Many people want to pay off the mortgage on their house early. They want the flexibility to have less money going out the door every month. They want to be debt-free and not have to worry about living paycheck to paycheck. Is this you? Maybe your skeptical and don’t think it is that big of a deal to pay it off faster. Well, let’s start with an example. Let’s say you buy a house and get a 30 year mortgage [...]
I hope you are sitting down because this is one of the most shocking things that I have ever learned. Believe it or not their is significant difference between a 15 year conventional and a 30 year conventional mortgage. Let’s look at an example. According to HousingTracker.net, the median home price in Arizona is $175,000. For our purposes, we will use this as the actual loan amount. According to bankrate.com the national average for a 30 year is 5.09%. At [...]
