Save Some Pennies & Cut The Cost Of Your Mortgage

When you first took out your mortgage, the chances are that you were just so happy to be on the property ladder that you didn’t care about the monthly installments that you would need to make. But now that you are actually having to make mortgage payments each month and have more to pay for in general, such as a family to look after, your mortgage doesn’t seem as affordable, does it?

If you’re finding it hard to keep up with your mortgage payments and still have enough money left over for those other monthly costs, don’t worry you’re not alone. Believe it or not, there are ways that you can cut costs and make your mortgage payments more affordable, so there’s no need to panic just yet. Instead, have a read of the tips and ideas below for helping you to cut the cost of your mortgage, and see whether any of these are a suitable fit:

Increase the payback period

One option for making your mortgage more affordable is to increase the payback period for it. Obviously, this isn’t always possible, it will depend on your mortgage provider, but it’s something that’s worth finding out about. If you are able to stretch the payback period, you can reduce the amount that should be paid each month, freeing up some extra money for you to live on. Some mortgage providers can extend mortgages by up to ten years; others can only offer an extra couple of years, it all depends on the provider that you are with.
Refinance your mortgage

Another option worth considering could be the possibility of refinancing your mortgage. This is something that a lot of people opt to do, as the current rates for mortgage refinancing are good, meaning that you should get a good deal. When you refinance your mortgage, you can get a cash payout as part of it, which can be put towards home maintenance and updates, for instance, improving your home and adding value. Another benefit of refinancing your mortgage is the fact that it can lead to lower interest rates, helping to make your mortgage more affordable.

Switch mortgage providers

Something that could also be worth considering is looking at switching mortgage providers. If your mortgage provider isn’t offering you the cheapest rate, it could be worth looking around to see if you can find a cheaper mortgage provider to switch to. Often, there are mortgage providers who are able to offer you a better deal; it’s just a case of being willing to take the time to search for them and work out what the best deal is. The only downside to switching lenders is that you may have to pay your old lender fees to do so, but these don’t tend to be too high, and if switching will save you money in the long-run then it’s worth the cost.

Believe it or not, a lot of people struggle with keeping up with their mortgage payments, so if you are struggling don’t worry because you’re not alone. The good news is that making your mortgage more affordable is doable, it’s just a case of taking the time to look at all the options and select the one that is the best fit for you.

Go From Rags To Riches Online

We all wish we could wake up tomorrow stinking rich. It’s a dream that you’ll find all over the world. It’s one of the ultimate goals in life and we’re not here to discuss whether that’s the right goal to have. Today, we’re going to examine how you can achieve it and just how easy it could actually be. You might think that getting rich is always going to be an endless struggle. But it doesn’t have to be and there are ways to make money without the endless effort. You’re looking at one right now.

That’s right, your computer is a great tool for making money. You just need to know how to use it properly. So, here are a few ideas to get you started making money online.

Buying Domains

This is a little risky as an investment but usually it does pay off in some way or another. Essentially, you buy domain names and wait for the right person to come along who wants to invest for the purpose of starting a company. So for instance, you could purchase the domain littlepanda.com for around five grand. Now, that might seem foolish but eventually someone will come along looking to use that domain for something like a child’s clothing store. If they do, they’ll be willing to pay a lot more than five grand. As any start up owner will tell you, the domain name is everything.

You may want to avoid buying domains that you think existing companies will want though. Typically, they’ll take you to court and argue fair use of the domain, particularly, if you’re not using it. This has happened multiple times with individuals who bought domains such as PS4.com, as well Harrypotterworld.com. When they purchased the rights to Harry Potter, Warner Bros had all existing sites that they didn’t own relating to the franchise shut down.

Trading

You can trade online with things like bitcoins. What are bitcoins? Think of them as a form of digital currency and also a great investment opportunity. You can buy bitcoin at xCoins.io or similar sites and once you do you’ll be able to start trading. The benefit of this type of investment is that for the most part, it’s automated. You won’t have to worry about it at all and instead, you’ll find that most of the work is done for you which is absolutely fantastic.

Another possibility for trading would be forex. Forex trading is great because you can invest as little or as much as you like. Forex is about knowing the patterns of exchange rate and understanding how different factors affect the value of money.

Blogging

Finally, there’s blogging. While it can take a while to get started blogging, there is a lot of potential here. You can write about anything you like and, with a unique style or tone, you’ll easily be able to build up a readership. At that point you can attract advertisers and that’s how blogs become money making machines.

Can You Afford To Move Abroad?

If you’re approaching retirement or just considering a change in scenery, you might be thinking about moving abroad. The biggest question on your mind should be whether or not you can afford to make a move like this. Moving abroad isn’t quite the same as relocating to the next town away. There’s a lot to consider but if you are aware of all the issues you should find that moving to a tropical new country isn’t that problematic at all.

Finding The Home For The Right Price

So, the first thing you’ll need to look at is finding a home over there to buy. The instant reaction here is to get in touch with a company in the new country and get them to do the grunt work. Tell them what you’re looking for, get them to search the market and send you the possibilities. However, there’s a problem with this.

Estate agents can’t help but see international buyers as a grand opportunity. They push houses that they know local buyers would never purchase. These houses are either in undesirable locations or have serious build issues.

Instead, you should book a holiday or trip over to the destination where you’re thinking about moving too. Take some time to explore the area, look at the houses up for sale and get a feel for the prices. That way when you do buy, you can make sure you’re not overcharged.

To Survey Or Not To Survey

Once you find the home you want you’ll have a decision to make. You’ll need to decide whether to survey the property before you buy. You might think that if you’re buying a brand new home, there’s no need for a survey. However, if you do this, you are putting a lot of trust in the building company. That’s not necessarily a bad move, but if they do turn out to be unreliable, it could be an expensive mistake. Instead, you should think about running a barebones survey. Make sure everything on the surface is running as it should be. After that, feel free to proceed with the sale.

Move Over

The actual move is when the costs really start to bite. You expect to pay a lot for the new property, but most people forget about the cost of actually moving. If you’re relocating overseas, you have logistics with items like the car. You can’t drive it over, but you do have options. With Shiply car delivery and other similar services, you can get your vehicle shipped directly to your new driveway for minimal costs. No muss, no fuss, and the car will be right there waiting for you. For other items, you might want to consider air freight.

So How Much?

Well, let’s say the house costs 300k, you’ll need another 30k for sales fees and then maybe 10-15 for transportation. So, if you have around fifty thousand left over once you’ve calculated the cost of your property, yes you can afford to move abroad. You might even find the exchange rate gives you a little nudge in the right direction. Goodluck!