tag:blogger.com,1999:blog-1893129263573703047.post4757652074010408818..comments2024-03-28T00:13:55.918-07:00Comments on A Frugal Family's Journey: Mortgage Balance (UPDATE) - AUGUST 2018A Frugal Family's Journeyhttp://www.blogger.com/profile/05093532273552790517noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1893129263573703047.post-6790901935454081882021-12-30T13:05:40.372-08:002021-12-30T13:05:40.372-08:00Great postt thankyouGreat postt thankyouKaleb Stonehttps://www.kalebstone.com/noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-67351391729756563602018-10-02T18:32:09.281-07:002018-10-02T18:32:09.281-07:00INSPIRED CAPITAL PLC - We are a direct mandates to...INSPIRED CAPITAL PLC - We are a direct mandates to providers of Bank Guarantee(BG), SBLC, MT109, MT799, MT760, Loans, Sale and Lease of Financial Instruments, discounting and Heavy/light project funding. In addition, we have an excellent professional relationship with many top rated banks, stock brokers, financial institutions and consultants all over the globe. <br /><br />We have a proven track record of Excellence, Speed and Reliability. Our providers are very reliable and we offer best workable procedure.<br /><br />Accept our kindest regards as we move your business to the next level.<br /><br />We anticipate your interest.<br />Email: inspiredcapitalplc@gmail.com,<br />Skype: inspiredcapitalplc<br /><br />REGARDS<br />Wayne Bertrand<br />INSPIRED CAPITAL PLC <br />BROKERS ARE WELCOME AND 100% PROTECTEDWayne Bertrandhttps://www.blogger.com/profile/10230897358354988190noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-54899857425594930302018-09-03T10:25:19.530-07:002018-09-03T10:25:19.530-07:00It really depends how low your interest rate is co...It really depends how low your interest rate is compared to what you think you can make in the stock market. Because our APR is so low, we have full confidence that we can make more in the market than what we would save mortgage interest. Of course there is always risk, but we are now trying to build a buy-and-hold portfolio so we feel the investments are relatively safe long term investment. :)<br /><br />Appreciate the comment. Best wishes and success on your personal journey. AFFJ A Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-27479014082467401902018-09-03T10:20:02.093-07:002018-09-03T10:20:02.093-07:00Absolutely agree. Although we don't have plan...Absolutely agree. Although we don't have plans to tap into our equity, it certainly is comforting to know that it is there should we need it. With the equity, we have so many alternatives available to us. Whether it is in an emergency or opportunity situation, we love the position we are in. <br /><br />Glad to hear you have used your equity to obtain a business and a second property. We may do that in the upcoming year to finally acquire our first rental property. Hopefully, in cash or close to it.<br /><br />Thanks for stopping by and commenting. AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-22402553405970629752018-08-19T09:53:06.242-07:002018-08-19T09:53:06.242-07:00Hey AFFJ, yea I agree with you on not putting any ...Hey AFFJ, yea I agree with you on not putting any more money toward the principal. That's a awesome low interest rate you have, wish I have that low rates on my rental properties. For me I've been debating if I should invest more in stocks or focus on paying 1 of my rental properties off so I can build up a down payment with the house paid off for another rental property.Anonymoushttps://www.blogger.com/profile/15138499808301934307noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-44591051131604625402018-08-16T14:38:42.812-07:002018-08-16T14:38:42.812-07:00I think it's smart to measure mortgage payoff ...I think it's smart to measure mortgage payoff over equity. However, to the extent that you can tap into your equity (e.g., via a HELOC or cash-out refinance), it is worth knowing there is a source of income there and how much it's worth. Of course, drawing down a HELOC or cash-out refinancing is accruing more debt. However, it's a lower interest rate than running up credit cards. I used our HELOC to start our real estate rental investing. I also used our HELOC to float my cash flow when I was starting a business (till it became an ongoing concern with more predictable revenue). Finally, I refinanced out equity from one property to purchase another property with the cash. This increased debt on that refinanced property but it was still a good move because it enabled us to pay cash for the other property that couldn't be financed (in Costa Rica). So equity in the property does matter, you can access it, and it can be helpful if used prudently.Caroline at Costa Rica FIREhttps://costaricafire.com/noreply@blogger.com