4 Reasons Not Pay Off Your Mortgage Early

You’ve imagined it: that party you’ll throw (and the happy dance you’ll undoubtedly do) the day you pay off your mortgage. Ah, the joy of being debt-free and the full owner of your home!

But hold on: While paying off that principal is certainly an achievement, it’s not one you want to rush.

We know, holding on to a mortgage payment can seem counterproductive — especially when you have a large amount of debt looming over your head — but getting rid of it isn’t always the smartest financial move.

You’re probably thinking, “Um, what about all that interest?!” Stick with us here. We checked with some expert financial advisers to see under what circumstances you might want to hold on to that monthly payment, and why. Continue reading “4 Reasons Not Pay Off Your Mortgage Early”

The Big Election – HOPE

The big election in the U.S. has some people excited, others disappointed,

and almost everyone worried about what is going to unfold in the next

several years.

What we all need is a big dose of HOPE.

Hope that inspires action that brings out the best in all of us to create a

better life for our families and a better world for our neighbors.

I think this quote from Dad sums up the current climate perfectly: “Other 

people and things can stop you temporarily. You are the only one 

who can do it permanently.” Zig Ziglar

I watched Dad encounter grave circumstances and situations that were

not of his choosing. With a glimmer in his eyes and a determination in

his jaw, I could see hope vibrate out of his soul. You see, he knew he

had a choice of how he responded to the situation. And with that

understanding that he had the power to control his own attitude and

actions, he would go to work.

Work for Dad meant studying and reading material hours each day that

he could use to help other people have a more successful life. He

was convinced that if he could learn one more thing and teach it to one

more person, the world would be a better place.

What about you? Is there something you can learn today that will help

you grow and, in turn, allow you to help someone else through a tough

time? You bet there is!

I am betting that YOU, like Dad, will decided to become the HOPE that

the world needs right now. It’s a choice and an awesome responsibility – 

you have what it takes!

You are Born To Win, so go ahead and Live To Win!

Tom Ziglar –


When you get what you want in your struggle for pelf,

And the world makes you King for a day,

Then go to the mirror and look at yourself,

And see what that guy has to say.

For it isn’t your Father, or Mother, or Wife,

Who judgement upon you must pass.

The feller whose verdict counts most in your life

Is the guy staring back from the glass.

He’s the feller to please,never mind all the rest,

For he’s with you clear up to the end,

And you’ve passed your most dangerous, difficult test

If the guy in the glass is your friend.

You may be like Jack Horner and “chisel” a plum,

And think you’re a wonderful guy,

But the man in the glass says you’re only a bum

If you can’t look him straight in the eye.

You can fool the whole world down the pathway of years,

And get pats on the back as you pass,

But your final reward will be heartaches and tears

If you’ve cheated the guy in the glass.

New Home Sales Up Nearly 30% In September

New single-family home sales increased annually and monthly in September, according to the latest release from the U.S. Census Bureau and the Department of Housing and Urban Development.

The report recorded that new single-family home sales came in at 593,000 in September. This is a 3.1% from 575,000 in August and 29.8% from 457,000 in September of last year.

The new single-family home sales report comes after August’s drop in new home sales and July’s biggest gain since the housing bust.

However, economists expected the increase.

“New home sales came in as expected,” Tian Liu, Genworth Mortgage Insurance chief economist. “We see tremendous growth potential in new home sales as housing demand continues to grow and a continued shortage of newer-vintage homes.”

“The limiting factor to that growth will be the limited supply of land and labor, and homebuilders focus on higher price segments,” Liu said.

A former chief economist of Fannie Mae agreed.

“Today’s release showed an increase in new home sales, which was in line with the improved sales and homebuyer traffic readings from the NAHB/Wells Fargo Housing Market Index,” Nationwide Chief Economist David Berson said. “Demand for new homes remains strong in response to employment growth, wage gains, positive demographics and mortgage rates near all-time lows.

Not everyone, however, is so optimistic.

“It might be tempting to see some strength in the September new home sales data, given the decent growth from August,” Zillow Chief Economist Svenja Gudell said. “But in reality, August data was revised sharply downward, and September’s numbers – 593,000 sales – are pretty mediocre and well below the 800,000-to-1 million sales needed to really move the needle and help re-balance the housing market between buyers and sellers.”

The median home price increased significantly from August’s $284,000 to $313,500. The average home price also increased significantly from $353,600 to September’s $377,700.

The seasonally adjusted estimate of new homes for sales at the end of September increased to 235,000, representing 4.8 months of supply at the current sales rate. This is up from August’s 4.6 months’ supply.

“New homes comprised 11.8% of all home sales in September, increasing for the seventh straight month,” Trulia Chief Economist Ralph McLaughlin said. “As new construction continues its upward march, we should expect the share to increase accordingly.”

“While new home sales represented about 11.8% of all sales, it’s still less than half of the pre-recession average of 23.6%,” McLaughlin said. “Clearly, there is still much potential for new housing to relieve inventory-constrained buyers.”

Meanwhile, First American Chief Economist Mark Fleming recently said in an interviewwith HousingWire at the Mortgage Bankers Association’s Annual Convention & Expo in Boston that in fact, when adjusting for inflation and the amount of purchase power provided by low interest rates, home prices actually dropped in the past 16 years, giving more consumers the ability to buy a home.

“Contrary to popular opinion, housing isn’t getting more expensive,” Fleming said. “In fact, on a purchasing-power adjusted basis, housing is becoming more affordable.”

First Time Home Buyers Are Now Buying

Young buyers could return to the housing market in droves this spring, according to a report due to be released Wednesday.

First-time home buyers now make up 52% of prospective buyers looking to purchase in 2017, up from 33% a year earlier, according to an analysis of web searches performed by Realtor.com, a real-estate listing website.

Buyers typically begin searching several months in advance, so the jump in activity could translate to increased purchases by first-timers in the spring and summer of next year.

The absence of first-time buyers has been one of the biggest abnormalities of the housing market in recent years. If they return, it could provide a big boost to sales and serve as a sign that the housing market is returning to normal after years during which most new households being formed were apartment-dwellers.

“The first-time buyer is ready to come back,” said Jonathan Smoke,chief economist for Realtor.com.

Just because many more young people are searching for homes doesn’t mean they will be able to buy. A number of surveys have shown that millennials want to purchase homes but are being held back by their inability to save for a down payment as well as a general lack of affordable inventory and strict mortgage-lending standards.

Nonetheless, Mr. Smoke said he anticipates the share of first-time buyers could rise to 40% during the peak 2017 selling season. First-time buyers fell to 32% of all purchasers in 2015, the lowest level in three decades, according to the National Association of Realtors. Historically, young buyers have averaged 40% of all home buyers, according to the group.

Stronger job growth could be one major reason more young people are looking to buy homes. Nearly half of the new jobs created in the past year were filled by people ages 25 to 34 years old, the prime age for buying a first home, according to Mr. Smoke. Mortgage lenders have rolled out more programs allowing first-time buyers to purchase homes with lower down payments.

Nonetheless, some big obstacles remain. Chief among them: Builders are still constructing few homes affordable to younger buyers and inventory of existing starter homes remains tight.

Leave Something Behind

“Mountain tops inspire leaders but valleys mature them.” F. Philip Everson

Each of us has been left a lot by preceding generations. Dr. Thomas Gibbs, Jr., says, “Every man has leaned upon the past. Every liberty we enjoy has been bought at incredible cost. There is not a privilege nor an opportunity that is not the product of other men’s labors. We drink every day from wells we have not dug; we warm ourselves by fires we have not kindled; we live by liberties we have not won; we are protected by institutions we have not set up. No man lives unto himself alone. All the past is invested in him. A new day is a good time to say, ‘I am under obligation to accept my share of the world’s grief, my share of its opportunities.”

Life is a lot like tennis – he who serves best seldom loses. Responsibility demands that we pay our own way and leave something behind for those who will follow. Leaving a heritage of having lived an ethical, moral and productive life is something all of us can do. Teaching a functional illiterate how to read would enrich that person’s life and enable him or her to make a bigger and better contribution to society. Giving a word of encouragement and setting an example of gentle kindness and thoughtful consideration for others are much-needed in our society today and would leave your impact on future generations. Unfortunately, too many of us labor under the illusion that unless we can do something monumental, there is nothing we can do. That’s too bad, because doing something for others brings greater happiness to oneself, so take advantage of the opportunity to make a contribution and I will see a “happy” you AT THE TOP!

Zig Ziglar is known as America’s Motivator. He authored 33 books and produced numerous life-changing programs. He will be remembered as a man who lived out his faith daily.


In 2015 the average FSBO in the United States was sold for $210,000. The normal home with an agent’s help went for $249,000. It’s not a surprise what we can offer.

But there is a difference in just telling them everything you will do for their home verse why it makes such a big difference when they list with an agent.


This is one of the most difficult, and not thought of parts, that owners run into when selling by themselves. According to the National Asociation of Realtors’ 12% of FSBOs said that it was the hardest part of the whole process. It varies from state to state but there is a whole lot of forms and legal paperwork they get stuck with. The sales contract, disclosures, maintenance records and more are what needs to be done.

Even if they have a pre-made contract that doesn’t mean they will understand each part of it.


Sellers who don’t know the rules can get stuck with unnecessary and costly repairs. Owners should not expect their reports to cover more superficial conditions, the types that can be fixed with a can of paint. Many of the owners aren’t going to have a trained eye to know everything that needs to be fixed up and changed and many will end up relying on the inspector for this information. Inspection reports and the timeframe in which they are delivered vary a lot from situation to situation. A realtor makes this situation much more fluid.


Hidden Costs

Sellers think they are going to save a lot of money. But they are going to be nickeled and dimed the entire way. There’s a bunch of additional things that will cost them.

  • Holding Cost – Homes with agents spend less time on the market. 
  • Lawyer Fees – When deciding to sell your home yourself you will need to pay for a lawyer to not only facilitate the process but to deal with payment, work on complex mortgages, leases, formalize contracts as well as helping close the deal.
  • Back Payments and Taxes 
  • Closing Costs – This can vary depending on where you are at.


This is part of the hidden cost as well, but it is one of the biggest cost associated with FSBO. This is where you can start to tell them about the steps you take to get homes seen and sold. Show them the numerous strategies and platforms that you can use, that they won’t have access to. You might hear the argument that it doesn’t take an agent that much time to sell a house.

But no matter what usually, it will always take the agent less time to get it sold. Talk to them about all the time they will have to put in, doing each task, from trivial ones to marketing the home where they can. This is why this is the biggest benefit of hiring an agent.


Scams or Saftey 

Scams include fake paperwork , phony buyer deposits (scammer sends too much in a bad check ), purchases through a third-party (a fake attorney, etc.) and asking for personal information. Without a professional, there is no one to call up when things go wrong. Pre-approving buyers and checking them before an open house becomes much more difficult when you don’t have an agent. Since the owner is not familiar with these processes, they won’t be able to spot out a problem (like leaving valuables out) as easy as agents can.

For Sale By Owner properties also tend to attract the seasoned investor looking for a great deal. This can lead to the owner making poor choices and negotiated poorly.


Mistakes happen. If the owner makes these mistakes, then they have to pay for it. In most cases, agents will cover their own mistakes, since it only falls on them.


A Nail in the Fence…

Make sure you read all the way down to the last sentence. (Most important the last sentence) There once was a little boy who had a bad temper. His father gave him a bag of nails and told him every time he lost his temper, he must hammer a nail into the back of the fence. The first day the boy had driven 37 nails into the fence. Over the next few weeks, as he learned to control his anger, the number of nails hammered daily gradually dwindled down. He discovered it was easier to hold his temper than to drive those nails into the fence.Finally the day came when the boy didn’t lose his temper at all. He told his father about it and the father suggested that the boy now pull out one nail for each day that he was able to hold his temper. The days passed and the young boy was finally able to tell his father that all the nails were gone. The father took his son by the hand and led him to the fence. He said, “You have done well my son, but look at the holes in the fence. The fence will never be the same. When you say things in anger, they leave a scar just like this one. You can put a knife in a man and draw it out. It won’t matter how many times you say I’m sorry, the wound is still there.” A verbal wound is as bad as a physical one.Friends are very rare jewels, indeed. They make you smile and encourage you to succeed. They lend you an ear, they share words of praise and they always open their hearts to us.”

National Friendship Week was in April. Show your friends how much you care. Send this to everyone you consider a FRIEND, even if it means sending it back to the person who you sent it to you. If it comes back to you, then you’ll know you have a circle of friends.

You Are My Friend And I Am Honored!

Now send this to every friend you have!! And to your family.

How To Keep Motivated

Have a dream.

Create a flexible plan.

Show passion and enthusiasm.

Believe in yourself.

Love your goal.

Talk yourself up.

Expect the best.

Visualize your outcome.

Know that you deserve the best.

Lynda Field  – Author –