Articoli correlati a A Practical Guide to Paying off Your Mortgage Early

A Practical Guide to Paying off Your Mortgage Early - Rilegato

Luu, Lien; Sawang, Sukanlaya

 
9781032286310: A Practical Guide to Paying off Your Mortgage Early
Rilegato
ISBN 10: 1032286318 ISBN 13: 9781032286310
Casa editrice: Routledge, 2024

Sinossi

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 repayment of debt, including paying off the capital, making extra payments, and monitoring their mortgage debt. In doing so, it aims to help readers improve their general well-being, enhance their financial security, reduce their financial worries, and eliminate their ‘mortgage insomnia’.

Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.

Informazioni sull'autore

Lien Luu is an associate professor at Coventry Business School, and a qualified financial planner, mortgage adviser, and property investor.

Sukanlaya Sawang is a full professor and behavioural scientist at Edinburgh Napier University, where she channels her expertise towards the field of innovation and entrepreneurship.

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

Editore
Routledge
Data di pubblicazione
2024
Lingua
Inglese
ISBN 10 
1032286318
ISBN 13 
9781032286310
Rilegatura
Copertina rigida
Numero edizione
1
Numero di pagine
186
Contatto del produttore
non disponibile
Persona responsabile
non disponibile