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A Practical Guide to Paying off Your Mortgage Early - Lien Luu, Sukanlaya Sawang

A Practical Guide to Paying off Your Mortgage Early

Buch | Hardcover
170 Seiten
2024
Routledge (Verlag)
978-1-032-28631-0 (ISBN)
CHF 235,65 inkl. MwSt
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This book shows borrowers how to manage their mortgage debt and repay it more quickly so that they are debt-free. It seeks to empower consumers, young and old, by providing a roadmap to help borrowers achieve financial security through planning for the future, insuring their income and setting up an emergency fund.
Owning a property is a dream for many people, and borrowing from banks is often essential to achieve this. However, having a mortgage can cause real anxiety because of the latent fear of losing our home if we cannot keep up with mortgage payments. Traditionally, homeowners repay their debt over 25 years, but high house prices have made it necessary to increase the term up to 40 years to make monthly payments affordable. Spreading the debt over a longer period of time not only means that borrowers have to pay more interest, but they are also exposed to other risks such as potential interest rate rises and changes in personal circumstances affecting their mortgage eligibility. These can lead to financial worries, financial stress, and reduced well-being. There are few practical guides available to show borrowers how to manage their mortgage debt more effectively, and how to repay their mortgage quickly so that they are debt-free.

This book seeks to empower consumers, young and old, by providing a roadmap to help borrowers achieve financial security through planning for the future, insuring their income, and setting up an emergency fund. It also outlines simple strategies for an early repayment of debt, including paying off the capital, making extra payments, and monitoring their mortgage debt. In doing so, it aims to help readers improve their general well-being, enhance their financial security, reduce their financial worries, and eliminate their ‘mortgage insomnia’.

Lien Luu is an associate professor at Coventry Business School, and a qualified financial planner, mortgage adviser, and property investor. Sukanlaya Sawang is a full professor and behavioural scientist at Edinburgh Napier University, where she channels her expertise towards the field of innovation and entrepreneurship.

1 Introduction

2 Introducing the mortgage dilemma: unravelling the complexities of homeownership

3 Weighing the decision: paying off your mortgage – advantages and disadvantages

4 Mastering money management skills to accelerate mortgage repayment and achieve financial freedom

5 Optimising mortgage management strategies

6 Shield your wealth: mastering asset protection strategies

7 Utilising investments for mortgage repayment

8 Deciding between paying off mortgage and boosting pension savings

9 Developing a successful property portfolio

10 Successful property ownership: the final consideration

Erscheinungsdatum
Zusatzinfo 26 Tables, black and white; 15 Line drawings, black and white; 15 Illustrations, black and white
Verlagsort London
Sprache englisch
Maße 156 x 234 mm
Gewicht 503 g
Themenwelt Sachbuch/Ratgeber Beruf / Finanzen / Recht / Wirtschaft Geld / Bank / Börse
Sachbuch/Ratgeber Beruf / Finanzen / Recht / Wirtschaft Immobilien / Grunderwerb
Recht / Steuern EU / Internationales Recht
Recht / Steuern Privatrecht / Bürgerliches Recht Sachenrecht
Wirtschaft Betriebswirtschaft / Management Finanzierung
Wirtschaft Betriebswirtschaft / Management Rechnungswesen / Bilanzen
Betriebswirtschaft / Management Spezielle Betriebswirtschaftslehre Immobilienwirtschaft
Wirtschaft Betriebswirtschaft / Management Unternehmensführung / Management
Wirtschaft Volkswirtschaftslehre
ISBN-10 1-032-28631-8 / 1032286318
ISBN-13 978-1-032-28631-0 / 9781032286310
Zustand Neuware
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