It might be simple to pay off your mortgage earlier if you can afford it. But should you? That’s a complicated question. Homeowners with low mortgage rates may be better off putting extra money in a Roth IRA or 401(k), both of which might offer a higher return than paying off the mortgage. Then there’s the college aid factor. If
Thinking about applying for a home mortgage? Make no mistake, your credit score will matter. Here, Realtor.com discusses five credit score pitfalls to avoid to ensure that you get the best possible mortgage and interest rates 1. Too many inquiries Shopping around before choosing an institution for a car loan can help you find the best rate, saving thousands of
Most people with private mortgage insurance (PMI) want to know how to get rid of it. And for good reason: PMI tacks on a substantial extra fee to your mortgage payments. Lenders traditionally require PMI for borrowers who put down less than 20 percent on a house. Of course, it’s a godsend if you couldn’t afford a home otherwise. Here, Realtor.com tells you
A 15-year mortgage is the dream loan for home buyers who can afford the much higher monthly payments and want to cut their mortgage in half while saving thousands of dollars in interest. To make a 15-year mortgage work, however, you’ll need a reliable income and enough money left after your monthly payment to cover expenses, savings and emergencies. Here,
