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8 Steps to Paying Off Your Mortgage Early

8 Steps to Paying Off Your Mortgage Early

How to tell if you should prepay your mortgage. Recently, I have had two people ask me if they should repay their mortgage early. While there are psychological benefits to wiping away what is often a person’s largest debt, there are several things you should consider before taking steps to pay off your mortgage ahead of schedule.

Senh: It's not really 8 steps to paying off your mortgage. It's more of a guide to whether or not you should pay off your mortgage early. With that in mind, it's a great article - balanced and easy to digest, especially the part about tax deductions.

 

Real-life money mistakes you can't afford to make

Real-life money mistakes you can't afford to make

Cash advances are one of the sneakiest ways a bank can trap you into a cycle of debt. But there are a handful of other debt traps you should avoid at all costs. "You may think you can get in and get out, but it's financial quicksand. ...

 

Countries cancel $1B in Afghan debt

Countries are canceling more than $1 billion in debt that Afghanistan owes them, the Paris Club of creditor nations announced Wednesday.

 

Icelanders reject plan to repay debt

Icelanders reject plan to repay debt

Voters in Iceland went to the polls Saturday for a national referendum on whether to repay billions of dollars the country owes to the United Kingdom and the Netherlands.

 

Angry Icelanders set to reject Icesave deal

Angry Icelanders set to reject Icesave deal

Icelanders are set to reject the terms for repaying Anglo-Dutch debts in a referendum on Saturday, forcing new negotiations with creditors and delaying financial aid the country needs to fix its shattered economy.

 

Muni-Debt Threat: Cities Weigh Chapter 9

The economic slump is forcing debt-laden cities and towns to consider using Chapter 9. The bankruptcy option is causing experts to worry about the safety of municipal debt.

 

Obama Debt Commission: Erskine Bowles, Alan Simpson To Chair Panel, Says Obama Official

Determined to have a deficit commission with or without Congress' backing, President Barack Obama plans to announce on Thursday that he is establishing a panel similar to – although weaker than – the one lawmakers rejected.

 

Wall Street Helped to Mask Debts Shaking Europe

Wall Street Helped to Mask Debts Shaking Europe

Wall Street did not create Europe’s debt problem, but bankers enabled Greece and others to borrow beyond their means, in deals that were perfectly legal.

 

Europe Closing In on Plan to Avert Greek Debt Crisis

European leaders were close to agreement on measures aimed at persuading jittery investors that Greece will not be allowed to default.

 

Greek Debt Crisis: Goldman Sachs Reportedly Helped Greece Dodge EU Deficit Rules

Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit.

 

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