Refinancing your mortgage can be a smart financial move, but it’s important to understand when it makes the most sense. While a lower interest rate is a common reason, other factors like changing loan terms or tapping into home equity can also drive the decision. Let’s dive into the key factors to consider when deciding … Read more
I started an email list this month and sent out my first monthly newsletter. Here are some snippets from my first monthly newsletter. Subscribe to be entered into the sponsored giveaways! LiveFrugaLee Monthly Newsletter #1, July 2024 If you know me, you know that I’m always trying to learn new things. I find that the … Read more
Last year, on April Fool’s Day, we paid off our mortgage. Was it foolish to pay off a 2.0% interest rate mortgage instead of investing in the stock market? Being immersed in the personal finance world, I know what the conventional wisdom says to do. Expected returns in the stock market are far greater than … Read more
Are ARMs (adjustable-rate mortgages) worth the risk? First, let’s take a look at how ARMs work. Then, we’ll take a look at the numbers. What is an ARM (adjustable-rate mortgage)? I’ll go over what I consider the important things to know about ARMs. If you want all the details, here’s a great resource. With an … Read more
This meme about interest rates has been circulating around social media, at least among my real estate contacts. Don’t believe everything you see on the internet. Let’s do some analysis and see if there’s any truth to this meme. It suggests that paying a 7% interest rate at $30k under list price is better than … Read more
As I was playing Monopoly with my son, I realized there are some profound life and money lessons that can be learned. I used to play with my twin brother when I was young, but I see it so differently now after working as a real estate agent for almost a decade. First, let me … Read more
Going through a real estate transaction can be a roller coaster of emotions. Sometimes, as a buyer, you may feel the urge to back out of a contract. It is most common to feel some form of buyer’s remorse right after you ratify a contract. It’s good to know what your options are BEFORE you … Read more
Lately, I’ve had more time to think. I heard journaling is good for you, so I’m going to start writing down some thoughts on my blog. Those who know me know that I like to ask questions. One thing that I have been thinking about lately is what success means to me. What is success? … Read more
In terms of my career, I have a lot going through my mind these days. This post is just me putting my thoughts in writing. I work as a W-2 employee. I am a patent examiner at the USPTO. I’m coming up on 14 years in October. This job is completely work-from-home, pays decently, and … Read more
If you’re a new agent, here are some tips to help you get started in real estate. I’ll continue to revise this list as I learn more about what new agents need. Find a good mentor. This is not a business where passing tests or getting good grades will determine your success. Ask someone who is … Read more