I am not suggesting that mortgages are a commodity like fries and a milkshake. I am not even suggesting that you should eat French fries for lunch. In fact, should you decide to skip out on your normal grilled chicken and spinach salad and splurge on French fries for lunch you probably don’t think that all fries are the same. I know I don’t think they are all the same. I prefer skinny French fries that are very crispy, but not burnt. And there is a hole in the wall in Auburn, AL that makes the best vanilla milk shakes on the planet. Enough about that before I have to run an extra three miles today.
Mortgages are exactly like those fries and shakes; there is one that is just right for you.
Continue reading “What do fries and mortgages have in common? They both come in jumbo sizes.”
The answer to this question largely depends on you. Just how much of a gambler are you? Do you like to go to Vegas and bet the house on the single roll of the dice or does putting a dollar into the slot machine make you break out in hives? The answer to this question could very well tell you whether to lock or float your mortgage interest rate.
Continue reading “Should I Lock or Float My Mortgage Interest Rate?”
If you have a mortgage it is highly likely that your payment includes your property taxes. The majority of mortgage loans have an escrow account where your payment includes not only the principal (the money you pay to pay back the money you borrowed) and interest (the money you are paying for the privilege of borrowing money), but also money to pay your taxes, insurance, and mortgage insurance. Your total payment is also referred to as your PITI payment (short for principal, interest, taxes, and insurance).
The old saying, out of sight out of mind pops up for me here. Since you pay your real estate property taxes each month you might just throw away your tax bill or not give it a second thought once you have mailed it to your mortgage company to pay. This could be a costly mistake.
Continue reading “Are You Paying Too Much in Property Taxes?”
When it comes to implementing a healthy lifestyle, it’s easy to associate large dollar signs to our goal. Organic food, fitness classes, and latest diet trends all come with a pretty hefty price tag, not to mention the time it takes to do all these things. In today’s world, where time is money, you can basically hear the “ka-ching” when you think about health.
This is also the reason that when we start saving or become busy, our health is the first thing to fly out the window. It is one of those things we know we should do, but it just doesn’t fit in right now.
Continue reading “4 Health Hacks to Boost Your Bank Account”
Twenty-nine dollars. That was it – $29. That was all I had left in my checking account and I was proud. It was when I first got married. We had made it through the month and after everything was paid, we had $29 left. We had paid the mortgage, set aside money for insurance, bought groceries, paid our utilities, had a little money for spending and even saved towards retirement (thanks Dad for teaching me to save early). And we had money left over. It was a good feeling.
To stay in the black when it comes to your money takes a little work. That elbow grease is certainly worthwhile. I look back at the days when I felt rich when I had $29 and wish I spent a little more time these days budgeting and watching every penny so that I could save more. Seems like money slips through your fingers like water.
Continue reading “Do you run out of money before you run out of month?”
There are many issues around money that bring great angst to women. For me, I never really had this problem. I was raised by strong women and a strong father that supported and empowered me. I felt like the world was always with me. That is until one day when I went to buy a car. I was newly married and we had just moved a small town in North Georgia. It was a bright, sunny Saturday afternoon. I drove up to the dealership with the top off my jeep to inquire about purchasing a new vehicle. No I wasn’t going to trade in my jeep. No I did not need a loan (I had the money saved up to pay cash). Yet, as I answered these questions for the salesperson they looked down on me. They did not seem to like my answers. They never did show me a car. I had to bring my husband back before I was able to test drive a car. Hmmmm……
Continue reading “5 Money Matters Women Should Know More About”