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Should You Get a Peer-to-Peer Mortgage?

Posted by Jackie Cohen on Nov 25th, 2017 · 1 Comment

If you can’t get approved for a home loan from a bank, you might want to look into applying for a peer-to-peer mortgage. Jackie CohenJackie Cohen is an award winning financial journalist turned turned financial advisor obsessed with climate change risk, data and business. Jackie holds a B.A. Degree from Macalester College and an M.A. in English from Claremont Graduate University.
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

Should You Get a Peer-to-Peer Mortgage?

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Critical Financials’ Basic Personal Finance Rules

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