Tagged: mortgage

too much house will make you house poor 0

Buying Too Much House Will Make You House Poor!

Can You Be House Poor Without Realizing It? You know all about the “American dream”? A nice house with a nice, modest yard surrounded by a nice, white picket fence. There’s a lot of “nice” in there. It doesn’t always work out that way though does it? Chasing that dream causes some to overextend themselves, and they unintentionally become house...

thoughts on financial leverage 0

Financial Leverage: Is it the Missing Piece of Your Financial Plan?

Could leveraging your assets to earn even more money be the key to wealth? “In order to get what you want, one has only to apply the proper amount of leverage.” Have you ever heard that before? Usually someone is referring to squeezing information out of someone else. But there are many different kinds of leverage. Financial leverage can be...

understanding a mortgage 8

How Much House Can I Afford with a Mortgage?

Understanding a Mortgage and Preparing You for Home-Ownership. So you want to dive into home-ownership? Good for you! After-all isn’t that the American dream? Home-ownership can be rewarding provided you go about it the right way. But even then, there is still risk that it doesn’t work out. Though don’t let that scare you. There is something magical about being...

mortgage payoff 2

I’ve Had Enough! I’m Destroying My Mortgage Debt Now!

My mortgage has been a chain around my neck too long. I’m ready to be rid of it. So I’m trying to pay off my mortgage as quickly as possible. Being debt-free, really debt-free, is something my wife and I have set up as a goal for us. I wanted to go through some of my reasoning, and share my...