Tag: mortgage
-
New FHFA mortgage rules could punish the financially saavy
The Federal Housing Finance Agency (FHFA) recently announced some changes to their formula that will directly affect Loan Level Price Adjustments (LLPAs) that are set by underwriters Fannie Mae and Freddie Mac. Scheduled to take effect on May 1st, these changes were intended to lower mortgage costs for entry-level homebuyers, however, could have the inverseRead…
-
FHA to allow mortgage terms of 40 years
On Wednesday, the Federal Housing Administration (FHA) announced that 40 year mortgage terms will be permitted beginning in May. Previous to this, mortgages were limited to 30 years. What the FHA ruling means for consumers You may wonder how this new ruling will impact consumers, if at all. Well, it’s certainly going to increase theRead…
-
Pay off mortgage vs. investing; which will make you rich?
This is a question we see posted all the time, and honestly, it seems like people are more divided on this issue than they are politics (so much so that Dave Ramsey even has a calculator to convince you!). Today, we plan on ending the mortgage vs. investing debate once and for all. AJ hasRead…
-
Dave Ramsey’s Contradictions will Cost the Caller Over $100k
Dave Ramsey will force his belief on any and every situation, regardless of the financially literacy of the person calling. In this case, the caller will lose hundreds of thousands of precious retirement dollars because Dave Ramsey’s advice. AJ points how Dave even contradicts himself in his own risk assessments.
-
2 Steps to Financial Peace and The Secret of Wealth
Financial peace is often simplified into 1 step, CUT EXPENSES. However, there are 2 steps to financial peace and both are equally important. We all know that this second step is required, but for some reason, it skips our thought process when considering our financial priorities.
-
Pay off house early or invest? Wealthy Idiots React (Ramsey)
Should you pay off your house early or invest? This is a tough decision. Team Ramsey advises caller to buck the norm and pay off his house early. AJ explains how investing give the caller the financial peace he’s looking for.
-
Risky Real Estate | What you need to know (2022 – 2023)
There is safe real estate investing and then there is risky real estate investing! AJ explains how risky real estate investing works and what you might need to know about the risks. The up side is great! But the down side could ruin your whole life.