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with Rob West & Steve Moore
Mortgage Traps Friday, February 14, 2020
It’s Valentine’s Day and you could just buy a house for that special someone! That may be a bit much, but we are talking mortgages today. Rob and Steve chat with mortgage expert Dale Vermillion about pitfalls to avoid when buying your next home.​ Next, they answer listener questions at 800-525-7000 or via email at [email protected] about the following - 70-year-old caller has a lot of debt on his house including a home equity line of credit for which he's only paying interest each month. Should he refinance and get a 20 or 30 year mortgage and attempt to pay down the principle? - Couple about to retire has asked grown daughter to take over managing their finances and investments. Daughter feels ill-prepared. How should she get started? To ask your questions, call (800) 525-7000 or email them at [email protected] Also, visit our website, MoneyWise.org, where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources. Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion! And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. You can help us continue this outreach by clicking the Donate tab at the top of the page at MoneyWise.org

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