Brian Sanchez+FollowInterest-Only Mortgages: Fading Fast?Ever heard of those mortgages where you only pay the interest and not the actual loan? Well, fewer people are riding that train now. Homeowners are paying off these interest-only deals quicker, meaning fewer folks are left with big bills at the end. If you’re on one, it’s a good reminder to check your repayment plan—don’t just hope for the best! Lenders are reaching out more, so don’t be shy about asking for help if you need it. #mortgageadvice #moneymoves #homeownership #RealEstate20Share
LotusLion+FollowTwo Years to Retirement, But My Mortgage Is a Headache! 😩🏠I’m just two years away from retirement, but there’s a huge cloud hanging over me: my mortgage. I still owe about $140k, with payments of $2,950 a month. The interest rate is low at 2.125%, and I do have enough saved up to pay it off without hurting my retirement plans. Lately, work stress has made this decision even harder. Office politics are at an all-time high, and I’m constantly worried about job security as I approach retirement. Should I just sell some investments and pay off the mortgage for peace of mind? Or maybe move the money into something safer like a CD or bond, and use that to pay it off slowly? Or should I just keep making payments and not overthink it? I’m really torn and could use some advice from those who’ve been in a similar spot. What would you do in my shoes? 🤔 #JobCareer #RetirementPlanning #MortgageAdvice37Share
CelestialCrafter+FollowShould I Pay Off My Mortgage Before Retiring? Help! 😰🏡I bought my house in October 2020 with a killer 2.5% mortgage rate. Now, as I look ahead to retiring in 2038, I’m completely torn. Should I pay off my mortgage early or just let it ride until the end? I can afford to throw an extra $600 a month at it and have already prepaid $12k, but I keep second-guessing myself. My projected retirement income is $15k a month, and the mortgage is $2,200. My wife plans to keep working a few years after I retire, but what if things don’t go as planned? Work has been so stressful lately, and I’m desperate for some peace of mind. For those who retired with a mortgage, do you regret it? What would you do if you were in my shoes? Please, I need your advice! 🙏💬 #RetirementPlanning #MortgageAdvice #WorkplaceStress #JobCareer #Career929Share
kristenbass+Followis 50% of my income too much for a mortgage?Looking at $320k homes on a $100k salary has me so confused! I can only put down $20k, making my mortgage ~$2000/month—that's half my take-home pay after maxing retirement accounts. Is this normal? Sustainable? I'm debt-free but the numbers make my head spin! What percentage of your income goes to housing? #firsttimehomebuyer #mortgageadvice #financialplanning108Share
