In general, I’m a fan of paying off your mortgage, no matter the situation. However, paying off your mortgage is a bad move whenever the yield curve is inverted. Paying off your mortgage is a suboptimal decision when you have a negative real mortgage interest rate as well. I’ll use a case study to explain […]
Paying Off Your Mortgage Is A Bad Move When The Yield Curve Is Inverted Read More »
You know what’s better than successfully refinancing your mortgage at a lower rate? Getting a free mortgage loan modification at a lower rate without all the paperwork, hassle and fees. A mortgage loan modification is when the bank contacts you and basically says, “Hey good looking! Do you want some free money? If so, you’re
How To Get A Mortgage Loan Modification: In Search For Lower Rates Read More »
Be a mortgage refinance king to save money and maximize your returns on your real estate. Whenever interest rates decline, you must take action to refinance and save. Ever since starting Financial Samurai in 2009, there are two things I love about personal finance: 1) Making money and 2) Saving money. Both require effort, which
Become A Mortgage Refinance King Or Addict To Save Money Read More »
Between 2H2018 and 1H2019, something funny happened. The Federal Reserve was raising their Fed Funds rate, yet mortgage rates kept on falling. This article explains why are mortgage rates falling after the Fed starts raising rates. Hint: The Fed is not always right. Even though the Fed has slashed rates to 0% – 0.125% due
Why Are Mortgage Rates Falling After The Fed Started Raising Interest Rates? Read More »
It took a lot to successfully refinance my mortgagee. The mortgage industry is tight due to the pandemic. There’s a rent moratorium and millions more unemployed. Banks are much more stringent now, especially with higher rates and a potential recession. Here’s a recap of what it took to successfully refinance my last mortgage. It was
What It Took To Successfully Refinance My Mortgage Read More »
Have you ever heard of a zero percent mortgage? Getting a zero percent is likely impossible, unless we are in a significant deflationary environment. You can have a negative real interest rate mortgage in a high inflationary environment. However, getting to live for free, which is what a zero percent mortage means, is possible. Let
How To Obtain A Zero Percent Mortgage To Live For Free Read More »
In a rising interest rate environment, you need a mortgage pay down strategy. When inflation is high, mortgage rates are high. And if you have to refinance or get a new mortgage, then it will cost you more. Below is a case study on how to think about paying down your mortgage when mortgage rates
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This post is dedicated to those who refuse to welch on their mortgage debt, even if they bought at the wrong time or got into a high interest rate mortgage that cannot be refinanced. I know your pain and frustration. I’ve got a confession. I’ve been reluctant to pay down my 4.25%, 30-year fixed vacation property
The Key To Paying Down A Bad Mortgage Quicker Read More »
In the past, I used to be perturbed by how long it took to refinance a mortgage. The whole process almost got derailed on its 97th day due to a bad credit report unbeknownst to me. Luckily, the refinance eventually went through. I want to share the upside to a long drawn out mortgage refinance. What used
The Upside To A Long Drawn Out Mortgage Refinance Read More »
When the is raising interest rates, your adjustable rate mortgage probably needs to be refinanced. The reason is because adjustable rate mortgages (ARMs) are priced based off a short-term rate index plus a margin, such as the Fed Funds rate or LIBOR. When the Fed Funds or LIBOR rate starts rising, so will your ARM
Your Adjustable Rate Mortgage Probably Needs To Be Refinanced! Read More »
