Why Homeowners Lose Money: 5 Mistakes You Can Avoid
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Top Comments (10)
Since my mortgage is 3.6%, I have no intent to pay off my house early. I'm going to throw any extra money into the market, because the return is way better.
My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Gotcha! So, when it comes to homeowners, there’s a ton to think about. You’ve got things like budgeting for a mortgage, understanding property taxes, and keeping up with maintenance.
15 year is the way to go if finance. Significant savings
many eventually have to sell the house to pay for nursing home
Register for my free masterclass & get Market Briefs as a bonus: https://briefs.finance/207e9a WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
Expensive or middle of road contractors can do a poor repair job just as much as the cheap guy.. unfortunately, talented skill you can depend on is harder to come by
A lot of wisdom here. When I was younger I’d seen peers step up in houses every few years or refi for cash out. I kept the starter house as it was adequate, refinanced only when rates had dropped and for a shorter term. People were saying not to pay extra on principal as you’d get better returns in (tech bubble) stock funds… I felt less mortgage debt was guaranteed return, and there would be security in not having a mortgage (if you got disabled or something). So I lived below my means and did both (retirement investment, and extra principal) plus some saving. Once you have no mortgage, if you couldn’t afford to max out your IRA, now you likely can, and still accumulate savings quickly, even if you treat yourself to a reasonable luxury. Especially if you have a like minded spouse, nicer home and some rentals with no debts can become possible.
For people in the comments section Read your Mortgage payment Statement. All the information is there
I definitely made multiple mistakes while buying my home (1st). I wasn’t educated enough but I did make sure to purchase a home i could afford monthly and grateful to this day to have a place i can call my home. I am at 3% fixed rate and do not plan to refinance EVER!
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Top Comments (10)
Since my mortgage is 3.6%, I have no intent to pay off my house early. I'm going to throw any extra money into the market, because the return is way better.
My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Gotcha! So, when it comes to homeowners, there’s a ton to think about. You’ve got things like budgeting for a mortgage, understanding property taxes, and keeping up with maintenance.
15 year is the way to go if finance. Significant savings
many eventually have to sell the house to pay for nursing home
Register for my free masterclass & get Market Briefs as a bonus: https://briefs.finance/207e9a WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
Expensive or middle of road contractors can do a poor repair job just as much as the cheap guy.. unfortunately, talented skill you can depend on is harder to come by
A lot of wisdom here. When I was younger I’d seen peers step up in houses every few years or refi for cash out. I kept the starter house as it was adequate, refinanced only when rates had dropped and for a shorter term. People were saying not to pay extra on principal as you’d get better returns in (tech bubble) stock funds… I felt less mortgage debt was guaranteed return, and there would be security in not having a mortgage (if you got disabled or something). So I lived below my means and did both (retirement investment, and extra principal) plus some saving. Once you have no mortgage, if you couldn’t afford to max out your IRA, now you likely can, and still accumulate savings quickly, even if you treat yourself to a reasonable luxury. Especially if you have a like minded spouse, nicer home and some rentals with no debts can become possible.
For people in the comments section Read your Mortgage payment Statement. All the information is there
I definitely made multiple mistakes while buying my home (1st). I wasn’t educated enough but I did make sure to purchase a home i could afford monthly and grateful to this day to have a place i can call my home. I am at 3% fixed rate and do not plan to refinance EVER!