All Forum Posts by: Ryan Boehner

@Amy W.

I would renew. Like many others have said, she hasn't missed a payment. The hassle factor is real but I'd raise the late fee and then realize you're inconvenience of sending a reminder is still only costing a few minutes. For illustration sake let's call it 5 minutes and a $50 late fee. That's $600/hour for your time.

@Aqeelah M.

If you're the county appraiser, an easy way to determine the value of a house is if it just sold and a buyer/seller agreed on a price. My experience has been that price gets reset each year to the sale price and then subsequent years are much more subjective based on local markets and permitted improvements.

@Mario Flores

Economically it's best to go after the highest interest rates first and work to the lowest. But psychologically there may be a benefit to your discipline if you pay off the smallest balances and can see the progress.

Also you may be able to pay them off with a lower rate personal loan from SoFI or Lending Club.

@Austin Mirer. Yes IRS rules invoke capital gains upon the sale of an asset, but then there are exceptions (like a 1031 exchange) that can avoid them.