mortgage

A look at the Pros and Cons of Reverse Mortgages

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Reverse mortgages are becoming an increasingly popular financing offering with our aging baby boomer population, looking for ways to unlock the value from their homes. Simply defined, reverse mortgages are a special type of home loan that lets a homeowner convert a portion of the equity in his or her home into cash. The equity [...]

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Paying off Your Mortgage Early- What Would You Do With The Spare Cash

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Not having to pay rent or a mortgage is one of the key steps to financial freedom. It frees up what is most likely your biggest expense and allows you to channel that money to other wealth building pursuits.  I currently pay about $3500 a month in rent (including taxes), and have a long way to go [...]

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Repay your Mortgage up to 7 years earlier (& forget those extra 401K payments)

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This is a guest post by Tony Parker, an experienced and succesful investor across various asset classes. We all want to get out from under our massive mortgage debt. So what is the best way to pay off the mortgage quicker – and not significantly impact your ability to retire? The answer is a variation [...]

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