http://foreclosureavoid.com/foreclosure-blog/avoid-foreclosure/what-are-the-best-actions-new-homeowners-should-take-to-avoid-going-into-foreclosure-in-the-future/ Foreclosure Avoid - How to Avoid Foreclosure from Happening to You Fri, 02 Dec 2011 21:18:24 +0000 hourly 1 http://wordpress.org/?v=3.3 http://foreclosureavoid.com/foreclosure-blog/avoid-foreclosure/what-are-the-best-actions-new-homeowners-should-take-to-avoid-going-into-foreclosure-in-the-future/comment-page-1/#comment-148 x Thu, 05 Nov 2009 04:34:14 +0000 http://foreclosureavoid.com/foreclosure-blog/avoid-foreclosure/what-are-the-best-actions-new-homeowners-should-take-to-avoid-going-into-foreclosure-in-the-future/#comment-148 As the previous person replied and also keep other overhead low. Avoid car payments. Buy a used car for cash or less. Better yet, get rid of the car if you can. Fuel and cars suck up an amazing amount of $. Don't have more kids than you can afford. Don't blow money on booze, cigarettes, fast food, eating out alot, etc. Be married and have 2 incomes if possible. Have a money making hobby supplementing your day job. Sell needless things, or things you haven't used in 1 year. As the previous person replied and also keep other overhead low. Avoid car payments. Buy a used car for cash or less.
Better yet, get rid of the car if you can. Fuel and cars suck up an amazing amount of $. Don’t have more kids than you can afford.
Don’t blow money on booze, cigarettes, fast food, eating out alot, etc. Be married and have 2 incomes if possible.
Have a money making hobby supplementing your day job.
Sell needless things, or things you haven’t used in 1 year.

]]> http://foreclosureavoid.com/foreclosure-blog/avoid-foreclosure/what-are-the-best-actions-new-homeowners-should-take-to-avoid-going-into-foreclosure-in-the-future/comment-page-1/#comment-147 tonalc1 Thu, 05 Nov 2009 01:06:39 +0000 http://foreclosureavoid.com/foreclosure-blog/avoid-foreclosure/what-are-the-best-actions-new-homeowners-should-take-to-avoid-going-into-foreclosure-in-the-future/#comment-147 I paid the mortgage first, no matter what else I owed. I always kept an amount equal to two mortgage payments in my savings account. I paid the mortgage first, no matter what else I owed. I always kept an amount equal to two mortgage payments in my savings account.

]]> http://foreclosureavoid.com/foreclosure-blog/avoid-foreclosure/what-are-the-best-actions-new-homeowners-should-take-to-avoid-going-into-foreclosure-in-the-future/comment-page-1/#comment-146 Frank Castle Wed, 04 Nov 2009 21:42:00 +0000 http://foreclosureavoid.com/foreclosure-blog/avoid-foreclosure/what-are-the-best-actions-new-homeowners-should-take-to-avoid-going-into-foreclosure-in-the-future/#comment-146 Open a brokerage account and invest in the Stock Market half your paycheck (With the help of a Financial Advisor) Top 3 Answerer in Business & Finance. (Vote for me) Open a brokerage account and invest in the Stock Market half your paycheck (With the help of a Financial Advisor)
Top 3 Answerer in Business & Finance. (Vote for me)

]]> http://foreclosureavoid.com/foreclosure-blog/avoid-foreclosure/what-are-the-best-actions-new-homeowners-should-take-to-avoid-going-into-foreclosure-in-the-future/comment-page-1/#comment-145 bigwaveg Wed, 04 Nov 2009 19:44:56 +0000 http://foreclosureavoid.com/foreclosure-blog/avoid-foreclosure/what-are-the-best-actions-new-homeowners-should-take-to-avoid-going-into-foreclosure-in-the-future/#comment-145 Like everyone else said. Pay the mortgage first. Your house is a secured asset. Credit cards are not. Do not take out a home equity loan to pay of or consolidate credit card debts. You are replacing an unsecured loan with your house as collateral. You would be better to use 0% or low interest credit cards to consolidate bills. After that, budget your money, and if possible, make an extra $25 payment each month toward the principal. It doesn't sound like much, but an extra mortgage payment each year will cut a 30-year mortgage in half. Like everyone else said. Pay the mortgage first. Your house is a secured asset. Credit cards are not. Do not take out a home equity loan to pay of or consolidate credit card debts. You are replacing an unsecured loan with your house as collateral. You would be better to use 0% or low interest credit cards to consolidate bills.
After that, budget your money, and if possible, make an extra $25 payment each month toward the principal. It doesn’t sound like much, but an extra mortgage payment each year will cut a 30-year mortgage in half.

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