My mortgage. Forget expensive coffee or car payments, I’m paying close to $100 a day to live in a house worth approximately $30K more than I owe on it (and I bought it in 2007 with an $85K down payment) and with bedrooms, bathrooms, a yard and a g.
On a second mortgage, you will borrow a fixed sum of money against your home equity, and pay it back over a specified amount of time. The amount you borrow will be combined with the amount you still owe on your first mortgage. It all sounds pretty simple. There are just a few things to keep in mind.
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Owning a home is one of the wisest financial decisions a person can make. Not only will you be investing in a property of your own, rather than giving rent money to a landlord, but you can also get locked into a fixed rate mortgage for the next 15 or 30 years. A renter doesn’t. Continue reading "This One Simple Trick Can Help You Save Tens Of Thousands Of Dollars On Your Mortgage"
If you would like to discuss these options and check your eligibility, contact a Homeowners financial group licensed mortgage professional at a location near you. We appreciate your service and would love to assist you in any of your mortgage needs.
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