Whether it’s the White House, Congress or the Federal Reserve, Washington is aggressively responding to the housing and credit crises. Top ranked Washington analyst Tom Gallagher of ISI Group explains the significant business and market impact. Morningstar’s Practical Finance newsletter editor Christine Benz has some practical advice for investors and Real Estate Investment Trust expert Martin Cohen, co-CEO of Cohen & Steers updates us on the state of global real estate.
Consider Making Extra Principal Payments
on Your Mortgage
- Mortgage Interest Rate = 6%
(Tax-deductible)
- Average Money Market Fund = 2%+
(Taxable)
How To Pay Down Your Mortgage
- Pay more every month
- Make one extra payment every year
- Put spare cash towards principal
- Write a separate check with
"Apply to Principal" on the memo line
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Tom Gallagher
