Skip to main content

Minority Mindset Community
Network with other Minority Mindset thinkers.

Tagged With "Mortgage"

Tagged With "Mortgage"

  • Debt Management
    What is the best strategy for paying off a mortgage early? How do you know how much extra you can put towards your home without losing out on investment opportunities? If the interest rate on the mortgage is fairly low then is there even an advantage to paying the loan off early?
  • Topic Reply
    ❤️
    Hi @Landon Martin , Just one strategy that comes to mind for me is refinancing. One advantage to this is if you have certain factors in place like a high credit score and equity in your home, you can refinance your mortgage for a lower rate, which will drastically reduce your payments per month. You can then take advantage of these lower payments by making two bi-weekly payments per month, which may help you pay off your mortgage twice as fast. We wrote a complete guide on this, which goes...
  • Topic Reply
    It's an interesting debate. Say if your mortgage rate is 2%, is it worth putting an extra $1000/mo when you could be putting that into an investment portfolio, which will *likely* yield greater than 2% over the course of 10 years? I have decided to NOT pay down the mortgage, but put these extra savings into investments with the goal of pulling out to pay off the mortgage in 5 years. I've decided this for two reasons: 1) Assuming the investments go up 5-10%, that's a few more thousand dollars...
  • Topic Reply
    Hello @RP I had the same thought process, but I took the other route of just paying off the home. I thought this would best fit my case to produce more ROI to buy another home and have a lower debt to income ratio. Also, this would open more doors for me to cash in on the full amount of $$ from this rental. Also, to not end up paying triple for the house after the 30 year. You can also do what @Nathan_Gregory mentioned and refi to lower interest, BUT still pay the full price that you were...
  • Buying A Home
    We're focusing on paying off the mortgage, recent refi at 2.8%/30yrs, pounding $1100 extra to the principal monthly. So the thought came up of would it be possible to place the $1100 somewhere to grow and pay off the mortgage sooner. Just don't think the stocks would offer the security that we want to risk as the vehicle of growth... Other things to consider, all debt is paid off, and we have 8 yrs till the mortgage is paid off at the current plan. Thanks
  • Topic Reply
    Take a look at investment firms like Edward Jones, they often have unpublished money market accounts that yield better returns. Deposit that 1100 there and earn interest on it for the next few years, then pull it and pay a lump sum against the mortgage. But do check the numbers - if the interest earned does not exceed the compounded reduced principal, you might already be doing the best thing
  • Topic Reply
    Thanks for the info, I’ll look up some options and do the comparison. I didn’t realize that they could have unadvertised options.
  • Topic Reply
    I got a best short term loans in Australia and I am happy because they explained it well to me, which is I can tell you that I am satisfied for their services.
  • Topic Reply
    I found your post to be both informative and entertaining to read. You are invited to join me in playing five nights at freddy's if you have any spare time.
  • Topic Reply
    Thanks for this info. Once I also read some helpful information about mortgage on Clopton capital website. If anyone from you get more and more information about it then must visit their website.
  • Topic Reply
    I read this article. I think You put a lot of effort to create this article. I appreciate your work Click here
  • Topic Reply
    Rolex Watches Pandora Jewelry Pandora Charms Pandora Jewelry Pandora Charms Travis Scott Jordan 1 Air Jordans Jordan 11 Jordan 11 Rolex Watches Jordans Shoes Moncler Outlet Off White Yeezy 450 Yeezy 500 Nike Outlet Jordans 4 Jordan Retro 4 Jordan Shoes Yeezy Yeezy 700 Yeezy Supply Off White Shoes NFL Jerseys Rolex Retro Jordans Nike Jordan Jordan Shoes Jordans Shoes Yeezy 350 V2 Adidas Yeezy Yeezy Yeezy 700 Yeezy Nike Outlet Yeezy Yeezy Foam Runner Nike Outlet Nike Outlet Jordan AJ 1 UNC...
  • Topic Reply
    Almost all of the homes in the area have the same problem so I am not sure that it is something that we could have avoided but it is something that is definitely worth taking note of. bathtub glazing
  • Topic Reply
    A campaign management system (CMS) is a software solution designed to handle the various components of a marketing campaign. gas leak testing
  • Topic Reply
    Two standard decks of cards are used in the traditional card game. Spider Solitaire 2 Suit 's difficulty will keep you relaxed and entertained. Take on the challenge with us!
  • Topic Reply
    Ray Ban Outlet Ray Bans Outlet Ray Bans Rolex Watches Adidas Yeezy Adidas Yeezy Yeezy Shoes New Yeezys Ray Bans Ray Bans UK Ray Ban Glasses Ray Ban Sunglasses Ray Ban Outlet Ray Bans Outlet Nike Outlet Ray-Ban Sunglasses Nike Factory Yeezys Ray Ban Sunglasses Nike Outlet Online Nike Outlet Yeezy Shoes Nike Trainers Nike UK Yeezy Rolex Rolex Watches Pandora Jewelry Pandora Charms Pandora Jewelry Travis Scott Jordan 1 Air Jordans Jordan 11 Jordan 11 Jordans Shoes Moncler Outlet Off White Yeezy...
  • Topic Reply
    Today I want to share with you the best mvp development company that will help you develop cool, new and convenient applications. These companies have been working in the field of IT for a very long time, and they know their job very well and have extensive experience that helps them solve complex problems quickly and efficiently. I also cooperate with these companies, and I am satisfied with the results
  • Topic Reply
    I was very encouraged to find this site. The reason being that this is such an informative post. I wanted to thank you for this special read of the subject. I definitely savored every little bit of it and I have bookmarked you to check out new stuff you post. Yellowstone Jackets
×
×
×