by Andrea Reynolds
Do we really need 5 bedroom, 3 bathroom, 3 car garage homes to house our families and our stuff? Put another way, do we really need bigger mortgages if we’re already in debt? Let me [...]
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A good basic rule is this: 1-2 percent of the value of the home. For example, if your homes value is $100,000, then the estimated yearly maintenance costs would be between $1000-$2000. source: Your Money [...] Great article over at Christiancommoncents. 100% of the time, a paid for home can’t be foreclosed on! http://www.christiancommoncents.com/2010/03/25/how-to-pay-off-your-mortgage-early/ This is happening all across the country, and spreading fast. There are people who can pay their mortgage, but are choosing to stop paying because their home value has dropped dramatically. This is called Strategic Defaulting. If you [...] |
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