Rilian Ball

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Most Renters Are Paying Far More Than Their Landlord’s Mortgage

June 6, 2023 by Rilian Ball

It is not uncommon for renters to pay more in rent than their landlord's mortgage payment. This is because landlords are typically looking to make a profit on their rental properties, and they will often set their rent prices based on market rates rather than the cost of their mortgage. There are several reasons why renters often pay more than a mortgage payment: Renters are not building equity: When you make a mortgage payment, you are building equity in your home. Equity is the value of your … [Read more...]

Filed Under: Mortgage Tagged With: Mortgage, Mortgage Payment, Renting

House Poor: What It Means And How To Avoid It

January 12, 2023 by Rilian Ball

There is a good chance you have heard someone described as being house poor. What exactly does it mean? It is important to understand what it means to be house poor and how you can stay away from it. House Poor Means Spending A Significant Chunk Of Your Income On Housing Being house-poor means different things for different people. In general, it means spending a significant amount of your monthly income on recurring expenses related to your house. A few examples include your mortgage, the … [Read more...]

Filed Under: Mortgage Tagged With: Finance, Mortgage, Mortgage Payment

The Top Reasons To Pay Off Your Mortgage Before You Retire

November 3, 2022 by Rilian Ball

As you get closer to your retirement age, you should try to discharge as much of your debt as possible. Unfortunately, many people close to the age of retirement still have a significant mortgage balance they need to pay off. What are some of the top reasons why you should pay off your mortgage before you retire? Your Portfolio Might Not Generate As Much Interest You may have a very low rate on your mortgage, which means that your money is better served in the stock market; however, as you … [Read more...]

Filed Under: Mortgage Tagged With: Mortgage, Mortgage Payment, Retirement

Refinancing A Mortgage: How Does This Work?

October 21, 2022 by Rilian Ball

If your financial situation has changed, you might be interested in refinancing your mortgage. In general, refinancing means that you will replace your current mortgage with a new one. The process of refinancing is similar to the process of applying for a mortgage, but you need to think about your goals during the refinancing process. That way, you can put yourself in the best financial position to be successful. Why RefinanceYour Mortgage? There are several reasons why you might be interested … [Read more...]

Filed Under: Mortgage Tagged With: Mortgage, Mortgage Payment, Refinance

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Rilian Ball


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First Capital Group
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