Paying off your Vero Beach mortgage early may not actually be a smart idea, especially if your mortgage rate is low, or free, when you factor in inflation and tax deductibility. Making a larger payment is considered foolish if you’re not saving for emergencies or retirement first. Savvy homeowners have long added extra money to their monthly mortgage to save […]
New Rules Could Affect Vero Beach Mortgages
Vero Beach mortgages, and your ability to qualify for one, will be affected by new servicing rules designed to provide homeowners with more information about their mortgages and their options, should those loans become unaffordable. The new rules affecting Vero Beach mortgages will force banks to verify a borrower’s ability to repay loans to ward off the kind of loose lending […]