Common Sense Club

Или о том, для кого написаны правила, по которым живет Америка

Или о том, для кого написаны правила, по которым живет Америка

Mы рассмотрели варианты «внеплановой» (см. Статьи №1 & №2) выплаты Mortgage (М) за счёт дополнительных платежей- prepay.

We have already looked at different ways of paying off mortgage (articles #2 and #3) by making additional payments (prepayment). However, mortgage was not supposed to be paid off in 30 years only. Mortgage is an important part of the budget, and its pay off term should be determined by the budget, no matter what kind of mortgage had been chosen by you at the time of home purchase.

Для большинства в нашей стра­не Mortgage (М) – это что-то типа «священной коровы» в Индии или знакомой из прошлой жиз­ни таблички: «Не влезай - убьёт». По этой причине самым популярным ви­дом М является 30-тилетний, который выбирает подавляющее большинство покупателей недвижимости. Поэтому доминирует практика: «выбить» хоро­ший М. и забыть о нём до того как .... прокукарекaет «жареный петух».

Many people in this country see mortgage as something similar to a sacred cow in India. Many of us associate mortgage with a familiar sign ‘Beware! Danger!’ This is the reason why most homebuyers tend to pick a 30-year mortgage, the most popular one, especially with the first- time buyers.

Финансируя покупку своего первого дома, мало кто имел реальный план выплатить долг к пенсии... Но годы шли, и в какой-то момент мы вдруг осознали, что рабо­тать осталось 10 лет, а Mortgage ещё платить 15 или 20. То есть налицо ди­лемма: как выплатить Mortgage бы­стрее, если нет возможности тратить на выплату больше, чем сегодняш­няя? И есть ли такая возможность во­обще?

When we were getting a mortgage on our first house very few of us had a realistic plan of paying off the loan before retirement. However, the time went by, and at a certain point we came to a realization that we only have 10 years left before retirement while paying off the mortgage will take 15-20 years. We are faced with the dilemma: is there a possibility to pay off the mortgage sooner? And how to do, that if we can’t afford higher monthly mortgage payments?

Дорогие друзья, цель Клуба – помочь друг другу открыть для себя Америку. Все мы newcomers и далеко не всё, что кажется вам очевидным, таковым и является.

This question is not rhetorical even though it seems to be. Let’s look at it more closely in order to dot the i’s and cross the t’s. First of all, paying off your mortgage (M), as well as any other debt, will not increase the amount of money in your wallet. So, is it really worthwhile doing something that is not going to add up to your wealth?

Life doesn’t offer us time for re­hearsals – every day is a premiere. There is no way for us to play it back and get another chance. So it is today that we should make the best of our lives. And we have the right tool for that - family budget, our old friend in financial matters.

The family funancial support

There is a saying that misfortunes never come singly

All too often, we rely on our emo­tions to guide our decisions, even when we know emotions do not make a very good advisor.

People like to discuss things they don’t have enough knowledge of. Credit history is one of the sub­jects that gave rise to numerous miscon­ceptions and false impressions. Let’s shed a light on this often misunderstood subject.

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America is often referred to as the land of opportunities. It is true, but there is more to it.

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There are a lot of misconceptions about credit history. Let’s put things right and start from the very beginning.

In my business of financial planning and budget, I am often reminded of a familiar saying: “Courage is nothing more but a lack of imagination.” And there is a good reason for that. Living in the modern world without planning future moves requires considerable courage. It’s like being blindfold and trying to find a path in the woods.