As you get closer to your retirement age, you should try to discharge as much of your debt as possible. Unfortunately, many people close to the age of retirement still have a significant mortgage balance they need to pay off. What are some of the top reasons why you should pay off your mortgage before you retire? Your Portfolio Might Not Generate As Much Interest You may have a very low rate on your mortgage, which means that your money is better served in the stock market; however, as you … [Read more...]
Finding The Best Mortgage Deal: What To Do
You have worked hard for your money, and you probably want to save as much of it as you possibly can. That means you need to find the best possible mortgage deal you can. What are a few steps you should take if you want to get the best loan terms possible? 1. Get Plenty Of Estimates You need to get a lot of estimates from different types of lenders. Examples include private mortgage companies, commercial banks, and credit unions. If you have a real estate agent, you may want to see if they can … [Read more...]
What’s Ahead For Mortgage Rates This Week – November 14, 2022
Last week’s scheduled economic news included readings on monthly and year-over-year inflation and the University of Michigan’s preliminary reading on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. Consumer Price Index: Inflation Shows Signs of Slowing Government readings on October inflation showed signs of stabilizing and even slowing. The Consumer Price Index for October showed month-to-month inflationary growth of 0.40 percent as … [Read more...]
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