Never own your home outright, and never pay it off regardless of your age or income.
Reason 1
Your mortgage doesn’t affect your home’s value.
You’re buying your home because you think it will rise in value over time (Admit it : if you were certain it would fall in value, you wouldn’t buy it - you’d rent […]

US home foreclosures doubled last month from a year ago and the nation’s biggest mortgage lender said late payments rose, suggesting that the mortgage crisis is not abating.
The number of foreclosures jumped to 223,538 in September, 99 per cent higher than the number last year, though down 8 per cent from August, according to RealtyTrac, […]

For a decade, credit-challenged homebuyers have used a regulatory loophole that lets them get Federal Housing Administration mortgages without putting their own money down, while at the same time avoiding costly subprime loans. About 7,000 buyers per month were exploiting the loophole, and now the feds are squeezing it shut.
The new policy means that prospective […]