A Practical Guide to Paying off Your Mortgage Early - Lien Luu

A Practical Guide to Paying off Your Mortgage Early

By: Lien Luu, Sukanlaya Sawang

Paperback | 22 October 2024

At a Glance

Paperback


RRP $73.99

$59.75

19%OFF

or 4 interest-free payments of $14.94 with

 or 

Aims to ship in 7 to 10 business days

Owning a property is a dream for many people, and borrowing from banks is often essential to achieve this. However, having a mortgage can cause real anxiety because of the latent fear of losing our home if we cannot keep up with mortgage payments. Traditionally, homeowners repay their debt over 25 years, but high house prices have made it necessary to increase the term up to 40 years to make monthly payments affordable. Spreading the debt over a longer period of time not only means that borrowers have to pay more interest, but they are also exposed to other risks such as potential interest rate rises and changes in personal circumstances affecting their mortgage eligibility. These can lead to financial worries, financial stress, and reduced well-being. There are few practical guides available to show borrowers how to manage their mortgage debt more effectively, and how to repay their mortgage quickly so that they are debt-free.

This book seeks to empower consumers, young and old, by providing a roadmap to help borrowers achieve financial security through planning for the future, insuring their income, and setting up an emergency fund. It also outlines simple strategies for an early repayment of debt, including paying off the capital, making extra payments, and monitoring their mortgage debt. In doing so, it aims to help readers improve their general well-being, enhance their financial security, reduce their financial worries, and eliminate their 'mortgage insomnia'.

More in Personal Finance

The Mirror : Lost Bride Bk 2 - Nora Roberts

RRP $34.99

$24.90

29%
OFF
The Intelligent Investor Third Edition - Benjamin Graham

RRP $36.99

$33.25

10%
OFF
She's on the Money : Take Charge of Your Financial Future - Victoria Devine
The Barefoot Investor : Classic Edition, Revised and Updated - Scott Pape
Wills, Death and Taxes Made Simple - Noel Whittaker

RRP $34.99

$31.75

Barefoot Kids : The new book from The Barefoot Investor - Scott Pape
How to Have an Epic Retirement - Bec Wilson

RRP $34.99

$31.75

The Algebra of Wealth : A Simple Formula for Success - Scott Galloway
Good With Money - Emma Edwards

RRP $34.99

$31.75

The Richest Man in Babylon - George S. Clason

RRP $16.99

$16.90