Mortgages
Homeowners have been conditioned to accept taking 30 years to pay off a mortgage. By doing so, they often pay two to four times the amount originally borrowed. 97% of American homeowners don't prepay their mortgages, and of the 3% that do, only 1% do so consistently. Breaking out of this pattern can be a pivotal wealth creator for most families.
Have a mortgage? There's a sure-fire way to cut its cost over the long term. But first, you may need to change your way of thinking.
John F. Kennedy once said the word 'crisis' in Chinese is composed of two characters: one representing danger and the other opportunity. The credit crisis of the past several months has certainly presented plenty of danger. But it may also be offering some homeowners an opportunity.
Homeowners beware: with home equity loans more popular than ever, predatory lenders are reaching deep into their bag of tricks to snare the unwary. Don't let it happen to you – learn these five scams and the red flags that can tip you off before you get involved.
Homeowners beware: with home equity loans more popular than ever, predatory lenders are reaching deep into their bag of tricks to snare the unwary. Don't let it happen to you – learn these four additional scams and the red flags that can tip you off before you get involved.
