What does financial freedom mean to you ? What would you pay to learn to how to pay your mortgage in advance with other people’s money? You might actually look forward to your mortgage payment! The Float My Mortgage is not the traditional approach to “overpaying” on your mortgage. Overpaying is a great long term […]…
Do you have “lumpy” cash flow over the course of the year but still have to make your mortgage payments every month? Let’s look at two examples, firstly inconsistent monthly income and after that a more extreme example like losing your job. Inconsistent Monthly Income For example, you may be running your own business and […]…
Detaching the reverse mortgage facts from the fiction You must have heard about reverse mortgages as the only option for the cash-strapped seniors in the US but you might not be sure if it’s legitimate or a scam. If you’re a senior who was about to surrender due to lack of funds, you need not […]…
Float My Mortgage in an investment method that you can use to pay down your mortgage quicker and invest. The Float My Mortgage method is a very good tool, especially when combined with existing savings and lower risk investments. The bank is always getting their monthly mortgage payment on time, sometimes weeks in advance (so your […]…
This is an interesting twist on our usual Float My Mortgage investment ideas. As of the last few days you can buy 30 year government bonds with a higher rate of interest than any recently refinanced 30 year fixed mortgage! If you have recently refinanced a mortgage in between Nov 2012 and March 2013, you could […]…
Top five reasons to use the Float My Mortgage method: 5) Fight inflation. Inflation reduces the purchasing power of your money over time. As long there as is positive inflation $1000 today is worth more than $1000 next year. The Float My Mortgage method pays your mortgage payments now today with other peoples money, but […]…
Inflation reduces the purchasing power of your money over time. As long there as is positive inflation $1000 today is worth more than $1000 next year. Monetary inflation is defined as an increase in the money supply and its effects are usually seen in rising raw material and consumer prices. Whatever the actual cause, if […]…
Should I pay down my mortgage or invest ? Traditional advice is that you must invest or pay down. However what if you could do both? Wouldn’t it be great if you could find a way to pay your mortgage today with someone else’s money but still have the same mortage payment money available to […]…
Here is the typical mortgage financial advice to accelerate your mortgage. This involves reducing your lifetime mortgage interest paid by paying off your loan sooner. Do one of the following options: 1) Refinance to a lower rate (can cost several thousand dollars to refinance) 2) Make bi-weekly mortgage payments (basically make one extra mortgage payment […]…
Paying your mortgage payments every month, loses you investment opportunity. The money you have to pay to your mortgage provider is a sunk cost that you cant get back every month. That money is gone and you can’t invest it in other things. This is the “Investment Opportunity Cost” because you have to pay your […]…