–100% of the rent payment goes to the landlord. A sizable portion of a mortgage payment does to equity, which can be directly subtracted from the price of a more expensive house down the road, or if it’s all paid off, is essentially a payment towards lower housing expenses (since all...
Interest rates:Interest rates for mortgages fluctuate regularly. Buying when rates are high means higher monthly payments and more interest paid over the life of the loan. Patience will be key, whether you’re looking for a low rate immediately or waiting for rates to drop to refinance. Respons...
Once you have a firm grasp on your monthly expenses, start evaluating the entire calendar year. Gifts during the holiday season, for example, can be expensive. If you can “forecast” how much you will spend on gifts, you can create a plan to save for these expenses. Other yearly expense...
And in these nine years since then, the movement towards socially responsible investing has only grown. Public pension funds have started to “divest” from oil company stocks, and various social issues like human rights, child labor, climate change or corporate corruption have bubbled to the sur...
If your home isn’t insured and was to sustain damage in a fire or some other type of disaster, the bank has nothing to repossess. To avoid either of these scenarios, one-twelfth of the estimated yearly cost of taxes and home owner’s insurance gets paid into that escrow account each ...
Therefore, after a while, I didn't think it was fair to keep on paying the rent I was being charged. I certainly wasn't going to pay a higher monthly rent if they asked. I had a decision to make. After six months of no noise improvement, I could either find another place to rent...