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Should You Borrow to Refinance Your Home Loan?

Trees Full of Money has an article about Borrowing 401k Savings to Refinance Mortgage. I thought the question was interesting , and it is worth analyzing this situation, because many people are facing the same scenario. Here’s the premise: A couple wants to refinance their mortgage from a 30-year fixed at 6% APR loan to … Read moreShould You Borrow to Refinance Your Home Loan?

Should You Prepay Your Mortgage In This Economy?

Should You Prepay Your Mortgage In This Economy? 2

I wrote about Dave Ramsey’s Baby Step 6: Pay Off Home Early about a year ago, and I’d like to revisit the question of “Should you pay off your mortgage early?” in light of today’s economic crisis. In the Dave Ramsey article, I examined both the advantages and disadvantages of paying off your home loan … Read moreShould You Prepay Your Mortgage In This Economy?

Best Mortgage Interest Rates for New Purchase and Refinancing

The following are the best mortgage rates available for home purchase and refinancing purposes. To start enter your information and hit SEARCH. To get more information, you can follow the link to the bank website, or hit NEXT. PinyoPinyo is the owner of Moolanomy Personal Finance and a Realtor® licensed in Virginia and Maryland. Over … Read moreBest Mortgage Interest Rates for New Purchase and Refinancing

5 Secrets to Successful Real Estate Investing Partnerships

There’s a quote by Gene Brown that says “One good thing about being young is that you are not experienced enough to know you cannot possibly do the things you are doing.” As I enjoy my second month of being retired from my job, I reflect back on the things that my husband and I … Read more5 Secrets to Successful Real Estate Investing Partnerships

What is a REIT and Should You Invest in REITs?

With the current housing market meltdown, it’s hard to think about investing in real estate. Moreover, the current tight credit market and lack of cash makes it even harder to buy an investment property even if you want to. This is where REIT comes in. Personally, I think it’s an attractive investment option regardless of … Read moreWhat is a REIT and Should You Invest in REITs?

How to Save Your Home From Foreclosure

How to Save Your Home From Foreclosure 8

Recently, Passive Dad asked me about free creative ideas to help friends facing foreclosure.  This is a timely topic since one factor that contributes to the current economic crisis is the rise in foreclosures. Basically, the teaser rate on many adjustable rate mortgages end, and homeowners found themselves unable to afford the new higher mortgage … Read moreHow to Save Your Home From Foreclosure

Recession-Proof Investing with Fixer-Upper Rentals

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Buying lower-priced fix-up houses, fixing them up using your own time and effort, and renting them out is a fairly low-risk, high-reward way to generate wealth and security. If you have been thinking about real estate investing, this may be a very good  time to do it.  There are many benefits in buying a fixer-upper … Read moreRecession-Proof Investing with Fixer-Upper Rentals

Real Estate Investing: Return On Investment and Leverage

Real Estate Investing: Return On Investment and Leverage 15

One of the commonly touted advantage of real estate investing is the financial leverage that can result in enormous return on investment. A typical example usually compares investing an amount in real estate versus the stock market, where the return on investment for real estate investing far exceeds that of the stock market. For instance: … Read moreReal Estate Investing: Return On Investment and Leverage

Meandering Into Real Estate Investing

Meandering Into Real Estate Investing 17

Investing in real estate, specifically small rental properties where I’d buy single-family or multi-family houses for the purpose of renting them out has been one of the things I wanted to do. However, the three musketeers of fear, doubt, and uncertainty discouraged me from taking any action toward residential real estate investing. So far, the … Read moreMeandering Into Real Estate Investing