Julie Rains is a freelance writer specializing in personal finance, careers, personal development, and life hacks. She is a graduate of The University of North Carolina at Chapel Hill, where she majored in business with a concentration in finance. Julie loves using financial functions to create mortgage amortization schedules and applied this knowledge to paying off her mortgage a few years ago. You can find more of her work on her blog, Working To Live Differently, and popular personal finance and lifestyle blog, Wise Bread.
If you have an adjustable rate mortgage (ARM) or have thought about getting one, you may wonder how your loan balance is amortized. Designing an amortization schedule is an easy way to see how a mortgage payment is applied to paying down the balance over time. Read More
Being a homeowner means you have many responsibilities. You need to take care of your home, your family members (who rely on you to make mortgage payments), and those who visit your property. Read More
As a potential homebuyer, you want to gather as much information as possible about a property before extending an offer and negotiating a price. Knowledge is truly power, enabling you to make a wise decision. Read More
Are you wrestling with the decision to pay off your mortgage early?
My husband and I decided to pay off our mortgage earlier rather than later, and now enjoy mortgage-free living. Looking back, though, I can see that an early payoff does have some disadvantages. Read More
College tuition and related expenses are rising. Costs for in-state students at reasonably priced public schools may exceed $20,000 per year. Even if you are a diligent saver, you may not have enough money to pay this bill for your children. Read More
Refinancing your mortgage could save you hundreds of dollars each month in housing expenses. Plus a better mortgage deal could mean paying thousands less in interest over the life of your loan. Read More