Housing Freedom

Perks Of Buying A Home For Less

Just because a mortgage lender approves you for a specific loan amount doesn’t mean you have to spend it all. It’s a good idea to get a home for less than the amount approved for.  Having money left over is ideal for an emergency fund. Most mortgage lenders let borrowers spend up to 28%…

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How To Avoid Paying A Mortgage For 30 Years

If you hate the idea of paying on a mortgage for 30 years, you can avoid that by selecting a shorter term and paying a higher monthly payment. You could also agree to a 30-year mortgage, but make an extra principal-only payment every year. Because an extra payment reduces the principal amount, you end up…

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