My last post was August 2020. Over 3 years ago. WAY too long. I'll try to catch up briefly, then it's time to brain-dump about some topics I've wanted to get out for awhile. I'll get several more posts out over the next few weeks. Covid-19 shut the whole world down in March 2020. Everything … Continue reading Catching up – The last 3 years
Mortgage
The Mortgage Paydown Dilemma
I bought my first house in April 2012. We paid $185,000. Our loan was for $177k at 3% for 15 years. We hated debt, made decent money, and at some point set a goal to pay this mortgage off in about 5.5 years. It was an FHA loan, which required dreaded Mortgage Insurance (MI) payments, … Continue reading The Mortgage Paydown Dilemma
What is Mortgage Recasting?
Occasionally, friends/clients ask if they should refinance so they can lower their mortgage payment. If interest rates have fallen, if you are trying to drop mortgage insurance and your current lender is playing hardball, or if you are just trying to lower your payment by extending your loan out further, then refinancing may be the … Continue reading What is Mortgage Recasting?
Should I buy down my mortgage interest rate?
As a real estate agent I spend a lot of time looking at mortgage quotes. I think I spend more time than most agents, because I'm such a nerd about personal finances. That, and I want to make sure my buyers are getting a good deal. I think it's an important part of my job. … Continue reading Should I buy down my mortgage interest rate?
Salary Optional 