man looks at bills trying to find how to lower monthly payment

Article Summary: Mortgage payments have a significant impact on the monthly budget of many households. It is probably your largest monthly expense. Thankfully, there are multiple ways to reduce the monthly mortgage payment, so your budget can breathe. Lowering your monthly mortgage is one of the easiest ways to free up some room in your […]

Man checking documents to see how he can get rid of mortgage insurance premiums

Article Summary: Mortgage insurance typically costs between 0.25% and 2% of your mortgage amount per year. You can save thousands of dollars if you learn how to get rid of mortgage insurance. There are four ways you can get rid of mortgage insurance, three involve waiting and the fourth you might be able to do […]

Should you refinance a 30 year mortgage for a 15 year mortgage

Many people are refinancing their homes now while mortgage rates remain near record lows. If you’ve decided to look into the process, then there are several pieces of information you should gather before you actually move forward. It’s best to have everything at your fingertips before you start working with a loan officer or broker. […]

Invest or pay off your mortgage. Find out which one makes sense for you.

You’ve come into some extra money. Maybe a relative left you an inheritance, or your employer gave you a holiday bonus. Or maybe you’ve set up your budget to get you some extra savings each month. You want to use this extra cash to improve your financial situation. But what’s the best way to do […]

should you pay off or refinance

As the owner of a rental property, your goal is to reduce your expenses and maximize your profits. Refinancing can help you achieve this goal. It can enable you to lower your interest rate and slash years off the term on your mortgage. But how do you know if and when it’s smart for you to refinance […]

Financial goals

What are your goals in life? Do you want to travel, go to college, start a family, retire at 40, build a business, or all of the above? Regardless of what your dreams are, reaching them usually requires careful planning and money. These five steps will help you set and achieve your financial goals. 1. […]

Reverse mortgage SuperMoney

A reverse mortgage is a loan for homeowners who are 62 and older who want to convert part of the equity in their home into cash (usually tax-free). The borrower keeps the title of the house and is still responsible for paying property taxes, utilities, home insurance, maintenance, and other related costs. It can be a great […]