How to Money Friday Flight - Forever Mortgages, Ruining Reward Cards & Free Tax Filing Fail #1062
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Nov 14, 2025 Discover the latest financial news impacting your wallet! Learn about the proposal for 50-year mortgages and the risks they entail. Robinhood's entry into the mortgage market raises questions about quick applications and comparison shopping. As the holiday season approaches, find budgeting tips to avoid overspending on gifts. Explore local assistance resources for those in need. Plus, understand the consequences of investment fee transparency changes and why using family code words can protect against scams.
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The Hidden Cost Of 50-Year Mortgages
- Extending mortgage terms (e.g., 50-year) barely lowers monthly payments compared to 30-year loans.
- It greatly increases total interest and can trap homeowners with little principal paid if they move.
Compare Multiple Mortgage Quotes
- When mortgage shopping, get at least three quotes to compare apples to apples.
- Treat a mortgage as a major decision and avoid relying on ultra-fast applications alone.
Start A Holiday Sinking Fund
- Start a holiday sinking fund early and set a reasonable per-person gift budget.
- Trim spending or adjust expectations now to avoid holiday credit card debt.