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Debt & Finance Blog

Should You Pay Off Your Mortgage Early: Pros, Cons & Early Pay-Off Tips

By Joey Johnston | November 14, 2016

Paying off a home is a large part of the American dream — if any of us ever actually get there — so let’s imagine the scene. The last payment…

How to Survive Open Enrollment and Save Money on Health Insurance Premiums

By Joey Johnston | November 10, 2016

As companies approach the “open enrollment” period for employees choosing health insurance, it pays to research benefit options and read the fine print. Logically, that makes sense. Practically? That’s another…

How to Get a Small Personal Loan: Fees, Term and What to Avoid

By Joey Johnston | November 10, 2016

Central air conditioners always die when you need them most. Rebecca discovered that on 100-degree afternoon last July. Without warning, her 20-year-old AC system died. Three hours later, a repairman…

First-Time Homebuyer Mistakes You Want to Avoid

By Joey Johnston | November 7, 2016

Stacie Samuels wants a do-over as a first-time home buyer. Samuels, a nurse practitioner from St. Petersburg, believed she was well-equipped to purchase her first home, just a few years…

ATM Fees Continue to Rise – Here’s How to Avoid Them

By Joey Johnston | November 3, 2016

Standing outside an ATM at two in the morning, Thomas Knapp had no idea fees for the money machine had vaulted 37% over the last decade. All he knew was…

New Rules for Prepaid Cards: CFPB Calls For Transparency

By Joey Johnston | November 2, 2016

The soaring popularity of prepaid cards will be put to the test over the next year as providers adjust to new regulations handed down by the Consumer Financial Protection Bureau…

Why a Great Credit Score Doesn’t Indicate Financial Health

By Joey Johnston | October 31, 2016

Credit scores are like plastic surgery. They can make you look good, but good credit does not necessarily mean you’re financially healthy. A lot of consumers don’t realize that until…

How to Teach Children Good Financial Habits: CFPB Releases Building Blocks

By Joey Johnston | October 27, 2016

Laura Adams, known nationally as the “Money Girl,’’ is a personal finance expert, a best-selling author and the creator of a popular podcast that seeks to educate American consumers.  She…

What Affects Your Ability to Get a Loan?

By Pat McManamon | October 26, 2016

For most of us, our home is the most significant purchase we will make. Which means qualifying for the loan to buy your house is vital. Several factors affect your…

Six Credit Card Myths Debunked

By Joey Johnston | October 24, 2016

Ric Edelman, a financial adviser who is a best-selling author and syndicated radio show host, remembers the days when everyone rushed to the bank on a Friday afternoon to cash…

Sources:

  1. Dratch, D., (ND), Four Ways to Pay Off Your Mortgage Earlier and Calculate the Savings. Retrieved from: http://www.bankrate.com/finance/mortgages/4-ways-to-pay-off-your-mortgage-earlier-1.aspx
  2. Ramsey, D., (ND), Three Easy Ways to Pay off Your Mortgage Early. Retrieved from: http://www.daveramsey.com/blog/3-easy-ways-to-pay-off-mortgage-early
  3. Berger, R., (2015, 28 October), 5 Reasons Never to Pay off a Mortgage Early (And 1 Reason Why You Must). Retrieved from: http://www.doughroller.net/mortgages/5-reasons-never-to-pay-off-a-mortgage-early/
  4. Studdard, B., (2013, 4 October), Pitfalls of Paying off Your Mortgage Early. Retrieved from: http://abcnews.go.com/Business/pitfalls-paying-off-mortgage-early/story?id=20459129
  5. Anderson, N., (2014, 3 January), 7 Reasons Not to Pay off Your Mortgage Before You Retire. Retrieved from: http://www.forbes.com/sites/nancyanderson/2014/01/03/7-reasons-not-to-pay-off-your-mortgage-before-you-retire/#582ced8e345d
  6. Adams, L., (2016, 23 March), 8 Ways to Pay off a Mortgage Early. Retrieved from: http://www.quickanddirtytips.com/money-finance/loans/8-ways-to-pay-off-a-mortgage-early