Mortgage & Refinancing

103 Beyond Your Wedding Day Podcast-Pay Off Your Home Mortgage

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In this episode of the Beyond Your Wedding Day Podcast, we discuss the Total Money Makeover by Dave Ramsey.  We take a look at Chapter 11: “Pay Off the Home Mortgage: Be Ultrafit.”

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*We discuss Mike’s blog post about the Holidays!

*The sixth baby step is paying off the home mortgage

-Imagine what you could do having ZERO payments, not even a house payment!

*One myth is that it is wise to keep your home mortgage to get the tax deduction

-As we’ve talked about before, this is simple math

-If you pay $10,000 in mortgage interest in a year, it would save you $3,000 in taxes in a 30% bracket.

-So, does it make sense to pay the bank $10,000 in order to save $3,000

*Another myth is that it makes sense to keep your mortgage, and in fact borrow all you can against your home, and invest the money because of such low mortgage interest rates

-the main problem with this theory is that you are not factoring in risk

-Taxes and calculated risk erase any advantage of investing versus mortgage interest rates

*Taking out a fifteen year mortgage is the way to go!

-Admit that you won’t be the only person in the world who will pay extra on your 30 year mortgage like it is a 15 year mortgage

-Too many things will come up and force you not to pay extra (prom dresses, braces, babies!)

Would you like to work with Mandy and Mike one on one?  Check out the Beyond Your Wedding Day Marriage Prep Course.

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029 Beyond Your Wedding Day Podcast-Financial Mistakes To Avoid

April 19, 2011

029 Beyond Your Wedding Day Podcast- Financial Mistakes To Avoid Click Play Below In this episode of the Beyond Your Wedding Day Podcast, we continue discussing the book Smart Couples Finish Rich by David Bach. We discuss step 8 (chapter 8) entitled “Learn to Avoid the Ten Biggest Financial Mistakes Couples Make”. The five mistakes […]

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3 Major Financial Mistakes

April 8, 2011

There are many things you can do wrong with money.  However, there are a few mistakes that are particularly troublesome.  I have definitely made at least one of them, so hopefully I can help prevent you from harming your financial future.  Here are three major financial mistakes that can really prevent you from having the […]

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What Two Newlyweds Have to Say About Money-Part II

January 21, 2011

A little more than a week ago, my wife, Mandy, and I had the pleasure of interviewing a newlywed couple for our podcast.  We interviewed Chris and Ashleigh Wisslead who have been married for about seven to eight months.  Many topics about marriage were discussed and I encourage you to check it out.  I wanted […]

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Buying A Home

March 17, 2010

You have been told that owning your own home is the American dream.  Although this is true to some extent, you must carefully and systematically go about the process of buying a home so that it does not become a nightmare.  There are several guidelines to consider when buying a home. 1.     Decide how much […]

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