A simple definition of a mortgage is a type of loan you can use to buy or refinance a home. And no, there are no such things as long-term mortgage. There is only a short-term mortgage. I won't go into that much detail, but the main difference between a mortgage and a loan is that a mortgage can be forgiven if you aren't able to pay the mortgage back. You can think of a mortgage as a form of debt. When you buy a house, you buy that house. If you don't pay for it, you can sell it at any time and get to whatever value you put on it. We suggest visiting websites like https://www.sofi.com/home-affordability-calculator/ to get all the information you need about mortgages.

 

This new type of reverse mortgage would help retirees generate much more income - MarketWatch

In reality, many people have several different types of mortgages, including tax-free mortgages, mortgages that are also for payment to the bank and interest-free mortgages. Some borrowers choose to buy a home with a tax-free mortgage, but some prefer to buy a home with a loan from their bank that they have to pay back. A tax-free mortgage is one that is tax deductible but that also doesn't come up to its full value until after you have paid for the mortgage and the monthly rent. For instance, if you bought a house for $200,000 and it was worth $210,000 after taxes, the $55,000 you paid for it will be tax deductible, but the $210,000 you owe the bank for the mortgage will not be.

Why Do Some People Refinance?
Some people prefer to pay back their mortgage faster than they owe the bank. Others prefer to pay less money into a mortgage than they are able to pay back. There is a huge world of options to choose from. You can get tax-deductible loans, you can get a loan with a fixed interest rate, or you can use an unsecured loan that you will pay off by getting a loan from the bank. You can get a fixed interest rate or a variable interest rate. The question is what type of mortgage do you want?

Here is a good reason to refinancing your mortgage:

Pay off the mortgage faster
Another reason to refinancing your mortgage is that you have a debt. You have an interest and principal obligation to pay for the home that you are now paying for. Do you really want to pay off that debt with a mortgage? Of course not! After all, how can you afford to pay off that debt if you are only paying off the mortgage?

So why do we want to pay it off faster?

Well, one reason is because paying off the debt quicker will leave you less money to spend on stuff. For example, suppose you are in your early 30s, have a relatively large pay grade and a nice house that you would like to sell. Let's say your real estate agent, on a good day, says you have a $250,000 house that needs around $10,000 in repairs. So instead of trying to sell the house, you let it sit for a year or two. That money you spent on making repairs will help you afford to pay off your mortgage faster. So, you could refinancing for $25,000 per year. Now, instead of paying for the mortgage, you are paying for the house, not spending it on anything else. That way, if you buy something nice, you are the one paying the bill instead of your lender.

Strategies to Improve Sleep for Working Parents

baby crying in its cribSleep deprivation can leave you exhausted, stressed and can contribute to health problems. And when you’re a parent, you lose sleep. During that first year of infancies, parents can lose hundreds of hours of sleep. Each family might handle the division of night time tending to an infant differently and fathers are also often sleep deprived. The sleep deprivation can often send such people scampering onto the internet to look for places which can give them a decent mini review on CPAP and APAP systems which help in inducing sleep.

Women of young children and babies often are particularly sleep deprived. For example, a woman who is breast feeding her baby will have to wake for feedings at night, and the baby needs a place to sleep, so having a crib is important and there are kids furniture brands that help with this. According to the Department of Labor in 2009 122 million women age 16 years and over in the U.S. were labor force participants—working or looking for work. As many as 3 quarters of working women are mothers. Continue reading “Strategies to Improve Sleep for Working Parents” »

How to Survive the Stress of Fall and Winter Holidays

It’s early October and already I’m starting to prepare for the holidays.  It’s time to get Halloween costumes, buy tickets for holiday shows, negotiate Thanksgiving plans and begin answering questions from the kids about how long until the big day.  If you send out a picture on your holiday card, which many of us do, it’s time to find that special one from the past year or arrange to have one taken.

Continue reading “How to Survive the Stress of Fall and Winter Holidays” »

Mindfulness to help you sleep

We all have nights when sleep seems elusive, but some of us experience sleep problems and insomnia with regularity, which forces us to take prescription drugs for sleep.  Recent research has indicated that mindfulness can help improve sleep.  Below are a  few exercises you might try when you're tossing and turning.
To wake up feeling refreshed, you need to make the most of your sleep cycles. Sleep cycles are 90-minute sequences which move through the four different sleep stages and each sleep stage lasts between 5-15 minutes. When you notice you're having trouble sleeping, begin by bringing your attention and awareness to what is going on in your mind and body.  Notice if you are worrying or thinking about something.  Are your thoughts racing?  Are they triggering emotions that are not calm and relaxing?  If you get distracted and wrapped up in your thinking again, just notice that, label the thoughts you were distracted by (you might label them as worries, or simply label them as thoughts of the  "past", "future" or "fantasies").  Bring your mind back, again and again to simply observing your thoughts.

Do the same with your body.  Bring your full attention to your body.  Scan from head to toe.  Are you holding tension?  Do you have discomfort or pain that is interfering with sleep?  There are conditions as sleep apnea which can affect  your sleep, but there are cpap machines for sale which can help you with this issue.

Once you've attended to what is interfering with sleep, choose a mindfulness exercise to help you get calm and relaxed.

If you need to focus your thoughts, try breathing exercises. A few breathing exercises that can be useful when trying to get to sleep include: counting with each breath from 1-10, repeating as necessary; saying  "in" and "out" with each inhalation and exhalation; breathing out until you feel your lungs entirely empty of air and then breathing in feeling them fill from bottom to top- repeat 4 times; or breathing out while imagining your entire body from head to toe emptying of air and breathing in and imagining your entire body filling up.  With each exercise, notice if you become distracted and return your thoughts to your breath.  Repeat as often as necessary.  Mindfulness exercises become easier and distractions lesson over time, here is a link to buy it at Vita Hemp USA to find great cbd product for your health.

If you have noticed that discomfort and tension in your body is keeping you from sleep, you may want to try a body scan and tension reduction exercise.  You may simply scan your body from head to toe and relax each area of your body as you bring your attention to it.  Or you may tense muscle groups, like the hands, feet and face for several seconds and then relax those muscles.  You can repeat these exercises until your body is feeling more relaxed. As with the breathing exercises, bring your mind back if you become distracted. In addition, a natural medicine can help you reduce anxiety. Buy CBD oil UK to feel relieved and have a sound sleep.