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Smart Start Money provides information on making smart money decisions. Providing tips, personal experiences, and opinions on saving smart and spending smart. Times have changed since getting a job and keeping the same place of employment for a lifetime. The average time spent with one employer is now three to five years. Companies are replacing workers with lean staff that previously held more people to accomplish the same tasks. This has resulted in periods of unemployment for many people making it challenging to save for retirement and stay debt-free. The rising costs of healthcare, consumer goods, and wages that often do not seem to keep pace with the cost of daily life make it more important than ever to make smart financial decisions. Millions of people struggle each day to get ahead. The intention of Smart Start Money is to not only provide insight into saving or spending but also open conversations. Discussions relating to the economy, employment, and even the occasional forbidden topic of politics are possible. If the subject matter has a correlation to helping people with their finances or questioning the so-called experts, it is open for dialogue. It has never been more important than ever to save and stay out of debt. No one has all the answers when it comes to personal finance. People come from all different backgrounds in life. The choices we make and the opportunities available are never identical. We can all learn from each other.
Episodes
Tuesday Nov 05, 2019
Is a 15-Year or 30-Year Mortgage Better?
Tuesday Nov 05, 2019
Tuesday Nov 05, 2019
Owning a home is a goal for many people. It is the American Dream and can be a great asset in building wealth and becoming financially secure. A majority of buyers need to take out a mortgage to purchase a home. There are many choices and terms for financing when it comes to buying a home.
The period time chosen for a home loan is often either a 15-year or 30-year mortgage. Both of these have their benefits. A large majority of financial sites you will read are proponents of a 15-year mortgage. This can be advantageous, but I am a big supporter of a 30-year year mortgage payment. There are a number of reasons it is many times a better choice in the world we live in today.
This podcast episode I review the pros and cons of a 15-year mortgage compared to 30-year. You might be surprised why a 30-year option is better for a majority of buyers.
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