A DEBT-FREE man has been advised not to pay off his mortgage early, even though he could afford it. Financial guru Dave Ramsey told him it would be better to remain patient and not deplete his savings too quickly. A caller to The Ramsey Show was eager to pay of his house earlyCredit: Getty But
AN EXPERT financial planner has laid out steps for homebuyers looking to sell, but feeling trapped by low-interest mortgage rates and an abysmal housing market. Homeowners who bought their homes using low-interest mortgages are now finding themselves trapped in “golden handcuffs” as moving would mean assuming mortgages charging double to triple their current interest rates.
HGTV stars Drew and Jonathan Scott revealed how homeowners and landlords can combat rising interest rates. In an interview with Quartz, the Property Brothers discussed the impact of interest rates over 7% on the real estate industry. The rise of interest rates have made it difficult for investors to pay their monthly mortgageCredit: Getty Drew
A WOMAN has revealed how installing a tiny home in her yard has helped her pay off her mortgage and live a better life. The woman is based in New York and has had an Accessory Dwelling Unit (ADU) in her yard for the past two decades. Tiny homes have become increasingly popular in recent