Archive for the Home Ownership

What Factors Decide Where You Live?

The other day I realized it’s going to be seven years since we purchased our house.  It is so hard for me to believe, and I’m so proud of how I’ve really helped turn this house into a home.  I’ve painted pretty much every surface in this house; installed new flooring in many of the rooms, and decorated to make it feel like it’s truly our home.  Right now, I’m very happy with our home and I work hard to keep it clean, decluttered, and organized so it’s a place we love to be.  With a two year old, we don’t go out as much as we used to, so it’s nice to have a place to hang out in which we’re comfortable. About five years ago I couldn’t wait to sell our house and move.  We’ve considered moving to Michigan (where my family is) or Colorado (where Mr. Money’s family is).  My sister ended up moving to our state about a year ago and since she did that, we’ve felt more like this is where we are meant to […]

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Would you Walk Away from a Mortgage?

The other day I was talking with a friend about how we pay so much each month for our mortgage payment, yet maybe 10% goes towards principal.  It’s frustrating, and often makes me dream of selling my house and being mortgage free.  Of course, then we’d have to pay rent and who knows if that would be better for us.  I told her how I had been paying extra on the principal to reduce the amount of interest we end up paying and to shorten the length of our mortgage.  She had some objections, and I listened to her while taking mental notes.  Here’s what she thought about us paying extra on the mortgage: -Because we don’t plan on staying in this house forever, she thought it would be in our best interests to stop paying extra on the mortgage and to start putting that money elsewhere.  Maybe a Roth IRA, investments, etc.  Over the long term, she thought it would be better if we invested the money over it being tied up in (maybe) equity in the house. -There’s […]

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