Tag: mortgage

Dear daughter, A question that almost everyone makes to themselves at a certain stage in their lives is should I buy or rent a house? I want to tell you my point of view related to this question. When you rent a house, you pay the monthly rent, and you are done. If there is…

Dear daughter, I’ve seen this question over and over. I want to tell you my point of view considering that I made my share of impulse decision-making around this topic. There are two ways of buying a house. The first one and probably the most common is to get a loan from a bank, this…

Dear daughter, I recently found out about a problem with my mortgage interest payments. Because of that, I want to show how to calculate interest and principal in a mortgage so that when the time comes, you are prepared to make an informed decision. I already explained to you what a mortgage is in one…

Dear daughter, When we have debt, a common question that arises is this one: should I pay off the debt or invest the extra cash I have? The answer to this question can be tricky for most people. In this letter, I’ll explain to you my approach to answering this question, so you can make…

Dear daughter, Today I want to tell you about mortgages. Yesterday, I had a conversation with a couple of friends, and I found out that they don’t know what an amortization schedule is, or how much they have to pay in interest even though they both have a mortgage. And because of this, I want…