A Practical Guide to Paying off Your Mortgage Early is popular PDF and ePub book, written by Lien Luu in 2024-10-22, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, A Practical Guide to Paying off Your Mortgage Early can be Read Online from any device for your convenience.
A Practical Guide to Paying off Your Mortgage Early Book PDF Summary
Owning a property is a dream for many people, and borrowing from banks is often essential to achieve this. However, having a mortgage can cause real anxiety because of the latent fear of losing our home if we cannot keep up with mortgage payments. Traditionally, homeowners repay their debt over 25 years, but high house prices have made it necessary to increase the term up to 40 years to make monthly payments affordable. Spreading the debt over a longer period of time not only means that borrowers have to pay more interest, but they are also exposed to other risks such as potential interest rate rises and changes in personal circumstances affecting their mortgage eligibility. These can lead to financial worries, financial stress, and reduced well-being. There are few practical guides available to show borrowers how to manage their mortgage debt more effectively, and how to repay their mortgage quickly so that they are debt-free. This book seeks to empower consumers, young and old, by providing a roadmap to help borrowers achieve financial security through planning for the future, insuring their income, and setting up an emergency fund. It also outlines simple strategies for an early repayment of debt, including paying off the capital, making extra payments, and monitoring their mortgage debt. In doing so, it aims to help readers improve their general well-being, enhance their financial security, reduce their financial worries, and eliminate their ‘mortgage insomnia’.
Detail Book of A Practical Guide to Paying off Your Mortgage Early PDF
- Author : Lien Luu
- Release : 22 October 2024
- Publisher : Taylor & Francis
- ISBN : 9781040134023
- Genre : Business & Economics
- Total Page : 108 pages
- Language : English
- PDF File Size : 9,8 Mb
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