A Practical Guide to Paying off Your Mortgage Early
Now:
AED 197.00 Inclusive of VAT
Free Delivery
Only 3 left in stockFree DeliveryOnly 3 left in stock
Get it by 15 - 20 March
Earn 5% cashback with the Mashreq noon Credit Card. Apply now
1
Free delivery on Lockers & Pickup Points
Learn more
Enjoy hassle free returns with this offer.
Specifications
| Publisher | Routledge; 1st edition |
| ISBN 13 | 9781032286303 |
| ISBN 10 | 103228630X |
| Author | Lien Luu |
| Book Format | Paperback |
| Language | English |
| Book Description | Owning a property is a dream for many people, and borrowing from banks is often essential to achieve this. However, having a mortgage can cause real anxiety because of the latent fear of losing our home if we cannot keep up with mortgage payments. Traditionally, homeowners repay their debt over 25 years, but high house prices have made it necessary to increase the term up to 40 years to make monthly payments affordable. Spreading the debt over a longer period of time not only means that borrowers have to pay more interest, but they are also exposed to other risks such as potential interest rate rises and changes in personal circumstances affecting their mortgage eligibility. These can lead to financial worries, financial stress, and reduced well-being. There are few practical guides available to show borrowers how to manage their mortgage debt more effectively, and how to repay their mortgage quickly so that they are debt-free.This book seeks to empower consumers, young and old, by providing a roadmap to help borrowers achieve financial security through planning for the future, insuring their income, and setting up an emergency fund. It also outlines simple strategies for an early repayment of debt, including paying off the capital, making extra payments, and monitoring their mortgage debt. In doing so, it aims to help readers improve their general well-being, enhance their financial security, reduce their financial worries, and eliminate their ‘mortgage insomnia’. |
| About the Author | Lien Luu is an associate professor at Coventry Business School, and a qualified financial planner, mortgage adviser, and property investor.Sukanlaya Sawang is a full professor and behavioural scientist at Edinburgh Napier University, where she channels her expertise towards the field of innovation and entrepreneurship. |
| Publication Date | 22 October 2024 |
| Number of Pages | 170 pages |
A Practical Guide to Paying off Your Mortgage Early
Added to cart
Cart Total AED 197.00
