Banks and credit unions are coming up with devices again in a higher interest rate market. Instead of refinancing your house, it just readjust the rest of the mortgage to the lower interest rate. Here you still get to keep the same mortgage, but lower the rest ofthe interest you're going to pay. Look for those if you can find them.
#451: Rachel’s car is nearing its end of life and she’s short on cash. Should she sell before she’s hit with a major repair?
Cam wants to arbitrage a hefty low-interest loan with a three-year payback period. Is this the opportunity of a lifetime or a disaster waiting to happen?
Kris has tried all the budgeting apps but they’re cumbersome and time-consuming. Is there a better way to track his monthly expenses?
An anonymous caller feels stretched thin with a high mortgage on a single income. Should she sell off some stocks to lower her monthly payments?
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it at https://affordanything.com/voicemail
For more information, visit the show notes at https://affordanything.com/episode451
Learn more about your ad choices. Visit podcastchoices.com/adchoices