Becoming – Why you shouldn’t get a 15-year mortgage
Sep 8, 2022 ·
12m 46s
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Description
In this episode of Becoming with Angelina Watkins, she gets into the money talks and addresses some not so good financial advice floating around social media. Should you get a...
show more
In this episode of Becoming with Angelina Watkins, she gets into the money talks and addresses some not so good financial advice floating around social media.
Should you get a 15 year mortgage or a 30 year mortgage? While a 15 year mortgage may save you a lot on interest paid, it may not be the best option in the long run. You should look at your money goals before deciding to take out a loan with a higher mortgage payment. You may be doing yourself a disservice by not investing the money and earning more interesting than you are paying.
HAS is a medical savings accounts designed to allow you to save money and pay medical bills using tax free money. But is a HSA the way to go? Probably not because you are tying your money up in an account that doesn’t earn much interest and a penalty for using it for anything other than medical bills.
Episode Outline
[00:00] A sneak peak into the episode
[00:21] Music intro
[00:29] Introduction
[02:34] Should you get a 15 year mortgage loan
[07:37] Should you get a HAS account
[12:27] Closing
Where you are is not where you have to be. Your past does not define you, YOU define you.
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FOLLOW THE HOST
Follow Angelina Watkins on IG: https://www.instagram.com/becomingangelinawatkins/
Follow Angelina Watkins on Tik Tok: https://www.tiktok.com/@becomingangelinawatkins
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PODCAST MUSIC
Intro/Outro Music Title: So Magnificent
Artist: IG @ https://www.instagram.com/cgreenblues/
show less
Should you get a 15 year mortgage or a 30 year mortgage? While a 15 year mortgage may save you a lot on interest paid, it may not be the best option in the long run. You should look at your money goals before deciding to take out a loan with a higher mortgage payment. You may be doing yourself a disservice by not investing the money and earning more interesting than you are paying.
HAS is a medical savings accounts designed to allow you to save money and pay medical bills using tax free money. But is a HSA the way to go? Probably not because you are tying your money up in an account that doesn’t earn much interest and a penalty for using it for anything other than medical bills.
Episode Outline
[00:00] A sneak peak into the episode
[00:21] Music intro
[00:29] Introduction
[02:34] Should you get a 15 year mortgage loan
[07:37] Should you get a HAS account
[12:27] Closing
Where you are is not where you have to be. Your past does not define you, YOU define you.
-----------------------------------------------------------
FOLLOW THE HOST
Follow Angelina Watkins on IG: https://www.instagram.com/becomingangelinawatkins/
Follow Angelina Watkins on Tik Tok: https://www.tiktok.com/@becomingangelinawatkins
------------------------------------------------------------
PODCAST MUSIC
Intro/Outro Music Title: So Magnificent
Artist: IG @ https://www.instagram.com/cgreenblues/
Information
Author | Angelina Watkins |
Organization | Angelina Watkins |
Website | - |
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