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My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.

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Six Easy Ways to Cut Mortgage Costs





Here are what SmartMoney recommends to be mortgage-smart. Take a try!
• Polish Your Image
• Get the Right Loan
• Make a Down Payment of at Least 20%
• Consider Paying Points
• Pay Closing Costs Upfront
• Pay Close Attention to Fees

From SmartMoney:

Get the Right Loan

"Walking into a lender and saying, 'I need a mortgage' is a lot like going to a used-car lot and saying, 'I need a car,'" says Keith Gumbinger, vice president of HSH Associations, a financial surveyor and publisher. You'll end up with something, but it could be a lemon. So do some research ahead of time to know which one makes the most sense for you. (Let's face it, there are some wacky mortgage products out there.

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