March 2016

Lisa Lyons's picture



If you’re like most of us, the fact that you are close to becoming officially “old” has probably slapped you in the face. How did that happen? Why didn’t I save more money?

Don’t worry, you are not alone. In fact, most Americans reaching retirement age have less than $30,000 saved. One study found that 40% of baby boomers have nothing saved.

The sad truth is, the promised  “golden years” are going to end up being “the working years” for many of us (because of a lack of savings). Don’t despair, however; there are ways to change that.

Lisa Lyons's picture

15-Year Loan Over a 30-Year Loan

Should You Choose a 15-Year Loan Over a 30-Year Loan?

A 15-year mortgage can be a smart choice for households in housing markets where price increases have been modest, but a tougher call for households in hotter markets.

A traditional 30-year mortgage allows homebuyers to purchase 46% more house, but a 15-year mortgage provides triple the paid equity in just 5 years.

Do the advantages of a 15-year mortgage outweigh the costs? Sometimes yes, sometimes no.

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