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SIMPLE MONEY SYSTEMS II Pay Off Debt, How to Budget, Down Syndrome, Personal Finance, Save Money, Money Routine, Special Needs Mom
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19 II Stuck With High-Interest Mortgage? Use easy budget to manage high-interest home loan to your advantage
Manage episode 397057441 series 3523282
Innhold levert av Diana Galas - Personal Finance Coach, Special Needs Mom, Budgeting Coach, Diana Galas - Personal Finance Coach, Special Needs Mom, and Budgeting Coach. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Diana Galas - Personal Finance Coach, Special Needs Mom, Budgeting Coach, Diana Galas - Personal Finance Coach, Special Needs Mom, and Budgeting Coach eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Show Notes:
Welcome to episode 19! Are you stuck with a high-interest-rate home loan? Let’s get deep into how it can serve to your advantage. You might be wondering if it’s even safe to invest in your home like making extra principal payments. In general, housing is an essential need and always will remain in value. Just by looking at the historical housing market it always going up. The home value may drop but eventually, it will pick up and rise. So it is a very safe investment.
Here is a recap of today's topic in what ways high interest rates can be useful.
- It helps you to build your home equity
- It provides tax interest write-offs
- It prompts you to clean your credit history
- It points you to invest in real estate
- It teaches you about the real estate market
- It urges you to develop a budgeting habit
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