Mortgage

Paying off a mortgage earlier than planned might not always translate to financial freedom if you don't consider rising fixed costs and unforeseen expenses.

Bill pays £9,681 on two mortgages and donates between £6,454 and £8,068 to charities every month. He called the Dave Ramsey Show for guidance on how to reduce uncontrollable spending as the US couple battles with lifestyle creep.

Kamal Harris announced that a new rule will remove medical debt from all Americans' credit reports, improving their chances of being approved for a car, home, or small-business loan.

Haliey Welch's crypto team faces legal action as investors who lost millions explore ways to file complaints with the concerned authorities.

A couple in their 40s earning £65k annually and living paycheck to paycheck postpones marriage due to financial trauma and zero monthly savings.

US states are working to eliminate state taxes on Social Security benefits, which could save retirees millions of dollars annually.

Since taking office as Speaker of the Florida House of Representatives in the mid-2000s, Senator Marco Rubio has used a corporate credit card issued by the party for his personal expenses, liquidated his retirement funds prematurely, and defaulted on a mortgage.

Car expert Jayden Bloom warns against long-term, high-interest car loans after a woman's $0 downpayment deal resulted in $499 monthly payments stretched over 427 months, a scenario he called the "worst car deal" he'd ever seen.

After seeing how life insurance financially assisted his mom when her husband was diagnosed with dementia, a man decided to purchase his own policy to protect his family.

Personal finance expert Sean Bryant plans to invest in renewable energy companies, infrastructure firms, and real estate while stalling student loan repayments if Democratic nominee Kamala Harris wins the 2024 US elections.

US Vice President and Democratic nominee Kamala Harris plans to lower living costs through several measures, including lowering grocery prices, introducing child tax credits, and offering downpayment assistance for first-time homebuyers.

Lou, a final-year student working full-time in the tech sector, had to pay off her $16 outstanding BNPL debt and $38,000 in HECS student loans before securing a mortgage.

Minnesota Governor and US Vice Presidential candidate Tim Walz's early retirement funds withdrawal could severely impact his retirement portfolio's compounding growth rate and attract taxes and penalties on the amount.

Alyse Benoit repaid all her debt and tripled her savings every month with the help of her kids. She cuts back on food and subscriptions, shares profits with the kids, repays credit card balances weekly, and aggressively shops for the best deals.

Blackstone has aggressively expanded its real estate empire since 2021, owning 350,000 rental units while fighting rent control measures and allegedly using rent-fixing software that is being probed for financially impacting millions of renters.

Americans increasingly value time over money as the definition of wealth for younger generations rapidly shifts to spending more time with friends and family.

A mother added her daughter as an authorised user to her credit card, opened nine accounts in her name, and racked up $30,000 in debt. She urged the daughter to take down the police complaint and be grateful for letting her go to college.

More 401(k) participants contribute early and consistently for years while fully leveraging employer-matching contributions and major tax breaks.

A high-earning Bronx couple struggles financially, spending 83% of their income on fixed costs like $1,200 on groceries and $500 on their puppy, prompting financial expert Ramit Sethi to suggest urgent changes.

The Capital on Tap business credit card charges no annual or forex/ATM fees, offers a 42-day interest-free period, APRs starting at 15.22%, and 1% cashback on all business spending.

Elizabeth's impulsive spending habits have kept her family poor for over a decade. She continues splashing money on clothes and using buy-no-pay-later apps for all expenses.

Millionaire author Ramit Sethi shared his detailed retirement strategy of diversifying investments in often-overlooked retirement accounts to help protect investments and capital gains from taxes, inflation, and market volatility.

George Kamel warns homebuyers against falling into the trap of assumable mortgages, which often lead to high upfront payments, long closing times, and a lot of paperwork.

A Canada-based salesman is struggling with $12,000 in monthly costs, led by over $7,000 in mortgage payments, which is alone 60% of his take-home pay. Experts advise him to sell his cars, house, or rent until his debt is repaid.

More UK homeowners seek financial assistance from charities and lenders as their fixed-rate mortgage deals end this year. The new, higher rates are expected to hike payments by an average of £1,800 annually, raising risks of defaults and more outstanding balances with arrears.

The average UK credit card APR has increased significantly since early 2023 as part of the BoE's broader interest-hike campaign to curb inflation. This has weighed on household budgets as more outstanding debt balances slip into delinquencies.

During Redfin's Q2 earnings call, CEO Glenn Kelman said he is surprised about the muted real estate market activity despite mortgage rates consistently declining in recent months.

Best-selling author Jen Glantz had her retirement portfolio reviewed by a financial planner, who found it lacked tax diversification, passive income streams, and timely contributions to retirement accounts.

More startups are fundraising on StartEngine, as non-accredited investors on the platform can gain exposure to these pre-IPO companies, which was limited to the financial elites due to the high capital entry barrier.

Arrived lets you buy prime, vetted single-family rentals across dozens of US markets online for monthly rental income and net-worth growth through value appreciation.