mortgage: Retirement without a mortgage - 07/15/13 01:50 AM
Retirement Without a Mortgage - 7/15/2013 
Planning for retirement is obviously important and many times, an activity plagued by procrastination. Some people plan to have their home paid for by that magical date so they won’t have payments after they retire. It makes sense to eliminate a large recurring expense before they quit working.
One strategy would be to be make regular principal contributions in addition to the payments so that it will eliminate the debt by the target retirement date.
Let’s say that a homeowner refinanced their $200,000 mortgage at 4% last year with the first payment due on May 1, 2012. … (1 comments)

mortgage: Cut refinancing expenses - 05/01/13 03:22 AM
Cut Refinancing Expenses - 4/29/2013 
Every single day, homeowners who are excited about lowering their rate have a tendency to ignore the refinancing costs because they’re being rolled back into the new mortgage. If the payment is lower than what they’re currently paying and there’s no money out of pocket, it seems like a good deal.
Refinancing your home because a lower rate is available is one thing but the closing costs associated with that new loan could add several thousand dollars to your mortgage balance. By following some of the suggestions listed below, you may be able to reduce the expense to … (1 comments)

mortgage: Shifting Debt to Deductible - 04/24/13 08:04 AM
Shifting Debt to Tax Deductible - 4/24/2013 
The Mortgage Interest Deduction is available to homeowners for up to $1,000,000 of acquisition debt on the combination of their first and second home.  They can also deduct interest on up to an additional $100,000 of Home Equity debt.
While Acquisition Debt is used to buy, build or improve a principal residence, the Home Equity Debt can be used for any purpose.  It can be used for educational or medical expenses, to purchase a personal car or boat, consolidate debts or pay off credit cards.
A homeowner with $15,000 of credit card debt at 19% and … (0 comments)

 
Brint Wahlberg, The Wahlberg Team (Windermere Real Estate)

Brint Wahlberg

The Wahlberg Team

Missoula, MT

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Windermere Real Estate

Address: 2800 S. Reserve Street, Missoula, MT, 59801

Office: (406) 541-6550

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