The Money Saving Fifty (50)

In general, we have two options when it comes to having a place to live. We can rent a dwelling that someone else owns, or we can buy a place of our own. Home ownership is touted as the “American Dream,” but whether you should rent or buy depends greatly on your individual needs and [...]

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There are several types of mortgages that are available, notwithstanding the sub-prime mortgage crisis and its effect on homeowners.
1. Fixed rate mortgage – This is a mortgage where monthly payments remain the same throughout the entire term of the loan.
Note that there are two types of fixed rate mortgages: 15-year and 30-year. [...]

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