If you already have a mortgage and are looking for ways to pay it off faster then refinancing is a smart option. When refinancing makes sense You can save thousands of dollars each year by refinancing (refi) an existing mortgage to a lower rate loan. Here are a few questions you must answer before talking to a loan officer: How long you will live in the home How much are the closing costs Is the house worth more than the mortgage balance It wouldn't make sense to refi if you plan … [Read more...]

The first step to paying off the mortgage in half the time is to make the decision to get out of debt. The next step is to take action! The best way to can become completely debt free in half the time, house and all, is by chosing a 15 instead of a 30 year mortgage. My first home purchase was with a 30 year mortgage My first purchase was a condo that was financed with a 30 year loan. Why? I was told that it was a lower monthly payment and "that is what everyone else does." You know what … [Read more...]

Duane and his wife are paying off the mortgage in half the time. They took a check to their bank and reduced the principal balance on their home loan in half. WHAT? That's crazy! Who does that? They are weird people Why would a young couple be paying off the mortgage? They should be taking that money and celebrating the smaller wins (like paying off a credit card or car loan) with BIG celebrations. Instead, they should have gone on a $10,000 cruise or remodeled a bathroom. Using their … [Read more...]

You can be anyone you want to be and do anything you want to do. There isn't a pill or one-click solution that will make it happen, but there is a step-by-step process: Learn how things work Most successful people don't stumble into something and become an overnight success. They grow up with an interest in that field and built experiences around it. They probably dove right into it and learned more about the inner-workings of the gadget or process or human behavior. Want to be a doctor? … [Read more...]

If you are like me then you are looking for ways to get your spouse on the same page with your money. You probably aren't getting anywhere with an excel spreadsheet or budgeting software program. Why is it so hard to get them to see what we see? Loss of control One of the reasons my wife didn't like budgeting (which is weird because she brought up the topic early in our marriage when I wasn't interested) was because she didn't feel like she had much control over it. When I started paying … [Read more...]