Can I read A Practical Guide to Paying off Your Mortgage Early on EtoBox?

A Practical Guide to Paying off Your Mortgage Early by LIEN. SAWANG LUU (SUKANLAYA.); Sukanlaya Sawang is a nonfiction available to read on EtoBox.

What is A Practical Guide to Paying off Your Mortgage Early about?

Owning a property is a dream for many people, and borrowing from banks is often essential to achieve this. However, having a mortgage can cause real anxiety because of the latent fear of losing our home if we cannot keep up with mortgage payments. Traditionally, homeowners repay their debt over 25 years, but high house prices have made it necessary to increase the term up to 40 years to make monthly payments affordable. Spreading the debt over a longer period of time not only means that borrowers have to pay more interest, but they are also exposed to other risks such as potential interest rate rises and changes in personal circumstances affecting their mortgage eligibility. These can lead to financial worries, financial stress, and reduced well-being. There are few practical guides available to show borrowers how to manage their mortgage debt more effectively, and how to repay their mortgage quickly so that they are debt-free. This book seeks to empower consumers, young and old, by providing a roadmap to help borrowers achieve financial security through planning for the future, insuring their income, and setting up an emergency fund. It also outlines simple strategies for an early

Who reads A Practical Guide to Paying off Your Mortgage Early?

Author

LIEN. SAWANG LUU (SUKANLAYA.); Sukanlaya Sawang

Publisher

Routledge

Published

2024

Language

EN

ISBN

9781003297765

Category

nonfiction

Subjects

Economics, Finance, Business