In Episode 5 I mentioned how extra premium payments can make a big difference. Here is a great tool via Bankrate.com to see what some extra payments, lump sum or systematically can do to the length of your mortgage. Enjoy!
Hey – got episode 5 up on Friday. Taking a deeper look at understanding mortgage payments and all the extras you may be paying for including, escrow and PMI. Taking over your escrow payments is a way to reduce what’s being payed to your lender but be careful, you need to be ready to pay taxes and insurance when they come due!
Moving along the ROM Diamond we add Debt Management as the next step. This episode discussed different types of debt, how and where I utilize it and my thoughts on the good, bad and ugly of each. Also, check out the tools section. I’ve included a few links to noteworthy data figures that folks should keep an eye on from time to time. Thanks for stopping by!