Tagged With: mortgage

Four ill-advised reasons to refinance your mortgage

So there are definitely some reasons where refinancing a mortgage could be a good move. Rates too high? Terms no good? Not going to be moving for a while? It could make a lot of sense, and save you money. But there are equally a lot of ill-advised reasons to look into mortgage refinancing. If … Continue reading »

Categories: Radical Finances | Tags: , , | Leave a comment

Is it time for me to refinance? My mortgage origination company thinks so

I closed on my home almost two years ago. And while I made the terms a little longer than I needed to, my plan currently is to pay it off as if it were a 15 year mortgage. As I’ve written about before, my most pressing task is removing Private Mortgage Insurance, which I need … Continue reading »

Categories: Decisions, Radical Finances | Tags: , , | Leave a comment

What’s a mortgage refinance?

You might think that the life cycle of owning a home is that you buy something, get a mortgage, pay off mortgage, and then live happily ever after. But this omits the fun world of mortgage refinance. Because it was so fun to go through the process of getting a mortgage once, you can go … Continue reading »

Categories: Radical Finances | Tags: , , | Leave a comment

Getting rid of PMI (part 2): The M stands for “misdirection”

Part of a series: Getting rid of PMI (part 1): The P stands for “parasite” Getting rid of PMI (part 2): The M stands for “misdirection” To recap: PMI is insurance that you pay when you have a high loan-to-value (LTV) ratio on your home, because you put down a small down payment (usually less … Continue reading »

Categories: Radical Finances | Tags: , , , | Leave a comment

Getting rid of PMI (part 1): The P stands for “parasite”

Every month, I pay money to a group that’s actively betting I’m going to default on my mortgage. I hate this. I know you can say that’s “it’s just business”, and that the statistics don’t lie, but I still get infuriated with the idea that someone or someones think I will default, and are charging … Continue reading »

Categories: Radical Finances | Tags: , , | Leave a comment

Why signing up for an accelerated mortgage payment plan is a bad idea

  Did you ever notice how when you move and submit one of those change-of-address forms, your new mailbox is automatically inundated with tons of ads for unnecessary crap? Entreaties to sign up for services like the Gravel of the Month Club or the Build Your Own Roof Shingles Club or Plastic Potted Plants R … Continue reading »

Categories: Decisions, Radical Finances | Tags: , , | 2 Comments

Did I take my own mortgage advice?

  So the papers are signed and the move is complete. I’ll be living out of boxes for what feels like forever, but that doesn’t matter. I’m a homeowner now. I’m also back into debt, as I have a mortgage now. Yes, it’s still a little nauseating, but that’s neither here nor there. Now, a full year … Continue reading »

Categories: Decisions, Radical Finances | Tags: , | Leave a comment