Thursday 11th March
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Myth: Rent is a waste (revisited)
The Word on the Street: I still struggle to convince people that paying rent is not a purely wasteful practice. I have already done several posts on this topic. The Truth: Paying rent can be cheaper than getting a mortgage, and the... (Continue reading)
Myth: You Must Use Credit to Get Credit
The Word on the Street: Everyone seems to believe that the only way to get good credit to qualify for a necessary loan (usually a mortgage), they have to use credit cards, get auto loans, etc in order to get a... (Continue reading)
Myth: Keeping a Mortgage Will Save Money
The Word on the Street: This is one of the big myths of our day. The myth holds that keeping a mortgage to its full term, rather then paying it down early, is wise because the homeowner can deduct... (Continue reading)
Myth: You Must Never Pay Rent
The Word on the Street: People often buy homes or other properties because they feel that rent is wasted money. They want to build equity in their homes as soon as possible, and that by paying rent they are “falling behind”... (Continue reading)