Category: Mortgages


Should Our UK Reader Pay Off Her Mortgage?

Hiya internet! Mr. Frugalwoods here today! While Mrs. FW is our chief writer, comedian, hound ear scratcher, and yoga practitioner… I occasionally cobble together something mildly intelligible and toss it in her general direction for her editorial prowess. Don’t worry, she approved this post before I published it. Here at Frugalwoods HQ, we love getting questions from readers: Does Frugal Hound like treats? Eh, sometimes, unless the treat is anchovies in which case YES, YUM! When will Frugal...


What does it take to get a mortgage these days?

Several people in my office are thinking about buying a home and since I’m known as the resident real estate nerd, they’ve started asking me what they should do to prepare. I always start with finances–in my experience, that’s where people are most likely to get tripped up. Borrowing hundreds of thousands of dollars is complicated — and it should be! It’s not for everyone. It’s essential for potential home buyers to understand their finances and how...


Why Did We Buy Our House?

Buying a house is falling out of fashion in the Financial Independence and Early Retirement community. Not “Green Polyester Leisure Suit” out of fashion, more “Cherry Cabinets and Ornamental Backsplash” out of fashion. The oft-cited, and extensively researched, post on the matter is the awesome and amazing JCollinsNH’s “Rent v. Owning Your Home, opportunity cost and running some numbers.” If you haven’t read it, you should. Go ahead, I’ll wait. I weighed in with my own “Should...