While there are many reasons to pay off a mortgage fast, one of them seems to be something most don’t usually think about. For over 28% of 55+ Australians, paying off their mortgage is still part of their daily lives. This adds a huge burden to their retirement which could have been entirely avoided.
Frugality is about being frugal, thrifty or prudent in consuming resources such as time, money or even food. At it’s heart it’s about not necessarily spending zero money, but I think at least, getting great value for the time and money you put in. So how does being frugal to your home loan apply exactly?
Worried about your mortgage payment? A lot of people are. Mortgage stress is one of the biggest concerns for families all over the world. But if this is something you deal with it doesn’t have to be. Read on as we explain 3 simple and clear steps you can take to ease this almost never ending burden.
Recently Home Loan lending rules have been in the news due to a number of various reasons. From the ASIC case against Wespac that got dismissed last August to the Royal Banking Commission it’s been discussed a number of times. But what are lending rules for and why have they been changing?
Today I thought I’d cover one of the biggest pitfalls I see almost everyone do daily but that no one ever discusses. Being frugal with your money while completely ignoring your mortgage payments.
While I’ve covered a number of in depth, more specific topics on this website over the years sometimes it’s good to get back to basics. This can be good for new and old readers alike. Hopefully these are all pretty damn obvious to you but if not, really sit back and think about them as it could be a very big wall stopping you from attaining your goals and getting ahead in life.
While Mutilating The Mortgage is mostly focused on throwing huge chunks of your income at the mortgage consistently and automatically, today we’re going to walk you through a very simple and quick thing you can do to hopefully give your ongoing efforts a nice boost: checking your mortgage interest rate is as good as it can be.