Last week I asked my readers if they would accept a gift from their parents. I wrote the post after learning of a friend who is about to receive a beach home from his folks. I appreciate the honest comments and emails that were sent to me. I wonder if I shouldn’t have also asked …
We considered refinancing our home loans quite a few times over the last few years. We refinanced both of our properties in 2009, but rates continued to fall to historical lows between now and then. We went back and forth about paying extra principal or refinancing a couple of times. Finally as the rates continued …
It’s official… 10 years and 2 months from now my husband and I should be mortgage free. We recently refinanced our beach home from a 15 year fixed mortgage at 4.5% to a 10 year fixed at 3.5% (Note: interest rates on second homes are typically higher than on primary residences.) In the next month …
I’d like to say I don’t have any debt, but for now my desire and reality are not one and the same. $600,000 is an enormous amount of money and it’s roughly how much I currently owe. In fact, it’s such a large sum that it’s difficult to wrap my head around. How on earth …
It seems as though my husband and I won’t be refinancing after all. I considered shrinking our mortgage from 15 to 10 years, but decided that the cash flow issues were not worth the additional interest savings. At the end of the day I simply couldn’t convince myself to take on more monthly payments …