Matt Denton
Should I do a 30 year or 15 year note
I am about to purchase a rental property and I'm not sure whether I should go for the 15 yr note or the 30 yr note. The difference between the two mortgages is $245 per month. I plan on purchasing many more prope...
Stefanie Bergmann
pay more principal or take more cash flow?
I just made my first mortgage payment and am having some serious sticker shock when looking at the interest.why is it almost all interest? I cash flow very well on this, so could definitely afford to pay more towards ...
John G.
Should I "buy down the rate" by paying mortgage points?
Details... I have a quoted rate of 4.75% with paying just a hair under one point or $723. And have the option to buy down the rate to 4.25% by paying 3.121 points (an additional 2.134 points / $1,562 cash at closing)....
Justin Furtado
Feeling trapped need help
So I bought my first home in 2010 in Huntington Beach with a first time home buyer assistance program. The program gave me 100k interest free, however it’s an equity share program where they will get 100% of 20% of th...
David Zimmer
Cleaning costs and pet fees
How do you handle the combination of charging pet fees and cleaning fees? Do the cleaners make more money if there is a pet? Does your cleaner just charge "per turn" regardless of a pet or not?
I'm paying my cleaner...
Kevin Phu
Is accelerating amortization beneficial?
Not sure if this would be the exact section to put this so sorry ahead of time if it isn't.I was hoping to discuss the idea of making an additional principal only payment on my mortgage every month. I currently have a...
Kaizer Robinson
Newbie but Pro in the making!! Upstate, SC
Hey ya'll. greetings from Upstate, South Carolina. I'm fresh out of college and just found out I don't want a "9-5, 40 hours works week". I want to be able to retire early. I currently work at the bank and looking for...
Account Closed
15- or 30-year mortgage term on primary residence?
I'm in the market to buy a new house and am looking for some thoughts on the pros and cons of 15- or 30-year mortgages. My husband and I paid off our current home's mortgage in 2008, and it's been a great feeling to b...
Peter Kim
What should I do with excess cash flow (after expenses)
I know this is based on the goals I have for my self but a general rule of thumb, after deducting expenses from my cash flow, should I
A) Use the extra $ and put it in the mortgage
B) Save, save, save to buy anoth...
Cody Miller
Where to start
I have been in my home for 7 years and have accumulated some equity and wouldn't mind using this to buy a rental