A portfolio loan can be your opportunity to lower rates and other benefits for a mortgage The economy has boomed since the housing bubble burst but that hasn’t made it any easier to get a mortgage loan. The Mortgage Bankers Association reports that lenders reject one out of every two loan applications. One type of loan may hold the key to getting approved and at a lower interest … [Read more...]
4 Best Ways to Repay Your Mortgage Faster
How to Repay your Mortgage in Half the Time and Save Thousands Buying a home is an part of the American Dream and 90% of home buyers finance their purchase with a 30-year mortgage because it offers the lowest monthly payment. What you might not realize, is that you can make extra payments on your 30-year mortgage and save over $100,000 in interest on your home loan. In many cases, your … [Read more...]
America’s Money Answers Man, an interview with Jordan Goodman: part 2
This is the second of my two-part interview with America’s money answers man, Jordan Goodman. A journalist at ‘Money’ magazine for 18 years, he has authored 13 books on personal finance and has done the NBC Marketplace show for nearly a decade. Today’s interview offers a ton of great information about personal finance and his deep insight into debt management. I have included my own comments … [Read more...]