Tim McMahon

Work by editor and author, Tim McMahon, has been featured in Bloomberg, CBS News, Wall Street Journal, Christian Science Monitor, Forbes, Washington Post, Drudge Report, The Atlantic, Business Insider, American Thinker, Lew Rockwell, Huffington Post, Rolling Stone, Oakland Press, Free Republic, Education World, Realty Trac, Reason, Coin News, and Council for Economic Education.

Moving to a Cheaper City

Moving to a Cheaper City: Is It Worth It?

News / By / 7 minutes of reading

It’s essential to make long-term financial plans so you can expect a care-free lifestyle. One of them includes choosing the best place to live.  The location of your home will determine how much time and money you’ll save in the long run, and use them in the best way possible. That’s why many people decide to move to a cheaper location to save and have more money to spend in their free time or to have a hefty little safety net when they get older. But, is moving really the right answer? Let’s see if moving to a cheaper city is worth it and if you should start looking for a new home.

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Downsizing

Is Downsizing Right for You?

Real Estate / By / 5 minutes of reading

There are a variety of reasons one might choose to downsize. Some do it because it’s easier to maintain smaller homes, while others do it to save significant amounts of money in the long run. Children moving out of the home is a common reason, as well. But, no matter the reason, smaller houses mean smaller bills. That’s a fact. So, if you want to live a simpler life, you may choose to sell some of your furniture and other possessions and move to a smaller home.

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Lucrative Investment Properties

Secrets for Lucrative Investment Properties

Real Estate / By / 4 minutes of reading

So you’re planning to buy your first rental property? Congratulations! This is a massive step for any investor. Although rental investments are considered a passive income-generating machine there is still some work involved. So, before you can find lucrative investment properties and live out your empire-building dreams, you need to start with the basics.

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Self-Employed Mortgage

How to Prepare to Apply for a Mortgage When You Are Self-Employed

Mortgage / By / 4 minutes of reading

For those who are self-employed or who run their own business, much of the mortgage application process is the same as it would be for anyone else, but some aspects are different. The main difference is that you will need to provide your own financial documentation and records. If you are considering applying for a mortgage soon, be sure to keep meticulous records. Of course, if you are self-employed, you are probably documenting all your information anyway. But just in case you’ve cut corners, the prospect of applying for a mortgage should give you added impetus to keep your records in perfect order. Here are the steps you need to take if you want to qualify for a mortgage while self-employed.

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Adjustable Mortgages

How to Minimize Complications When Reducing Your Mortgage

Mortgage / By / 3 minutes of reading

For many people, the purchase of a home may represent the biggest single purchase in their entire life. In most cases, people don’t have the personal resources to buy a house outright, so they will have to finance most of the cost with a conventional mortgage. Typically, this will last from 15 to 30 years, and the monthly repayments will represent a sizeable part of the household budget, so it’s not surprising that people often look for ways to reduce this liability. In many cases, it may be possible to do this without penalty, so if you’re in this situation, what do you need to think about as you try to reduce your mortgage?

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Should you pay off your mortgage early

The Downsides of Paying-off Your Mortgage Early

Mortgage / By / 6 minutes of reading

Paying off all your debt always sounds like a good idea, especially in an uncertain economy. In situations when you have accumulated a significant sum of cash, it is understandable that your first thought might be to pay off your mortgage. However, some experts will argue that paying your mortgage early might not be the best idea. Usually, mortgage interest rates are low, and this can be used as a rationale not to rush with paying off your debt. But what about some other aspects of coming out of your mortgage situation? Does it make sense even to consider the option of early repayment? Let us explore the possible downsides of paying your mortgage early.

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