I had a recent email exchange with a reader about mortgages. Thanks Khunara for inspiring today's question! I'm always yapping how I'll never, ever, ever, EVER pay off my mortgage. I even wrote about it here. I'm having second thoughts though. Here are the details of my mortgage situation: My home is worth about $400,000*. I owe about $110,000 on the loan, so I … [Read more...] about Ask the Readers: Should I pay off my Mortgage?
I'll be the first one to tell you that debt is evil and bad. It will: keep you awake at night with worry possibly hurt your credit score encourage you to call your ex-girlfriend/boyfriend after drinking one too many hit on your husband or wife when you have your back turned All of that is true, but there is one form of debt that I tolerate, mortgage debt. … [Read more...] about Hey you Mr. Debt, stop looking at my Wife’s Butt!
Hi there, Mrs. 1500 today, asking for your thoughts about paying off your mortgage early. I have seen "paying off your mortgage early" vs. "keeping it for the duration" debated numerous times. I think both sides have valid points, but now I want to see what my readers think. And now, let's go check out the answers from last week's question, What do I do about my new … [Read more...] about Ask the Readers: Should you pay off your mortgage?
Whew, life is crazy busy. Right before I left for a trip this past weekend, the plumbing system of our home backed up. I wrestled with it for 5 days and made zero progress before I had to go. Tonight, I'm back and those *&^%ing pipes are still clogged. Since the home is 50 years old, I'm having a heckuva time getting any of the clean out traps open (0/2 so far). In times … [Read more...] about Ask the Readers: To Debt or not to Debt… (or Mortgage or no Mortgage)
Hi there, Mrs. 1500 here. A few months ago, I read this article in the finance section of Yahoo.com. (It is from their First Person series, which gives real life accounts of how people have improved their financial state.) To sum up the article, Allison and Joe were living paycheck to paycheck with $7,000 in credit card debt. They could afford little more than the … [Read more...] about Every Little Bit Helps