Sentences with phrase «about paying off a mortgage»

In order to keep us motivated and excited about paying off the mortgage, we constantly remind ourselves why we're doing this.

Taxes would definately be an important consideration while deciding about paying off a Mortgage.

Although the post's author doesn't come right out and say it, I have to assume that they are talking about paying off a mortgage as quickly as possible.

Because we've been diligent about paying off our mortgage, with bi-weekly payments and annual pre-payments, we've had very little cash left over for saving and investing.

This may seem anti-climactic or disappointing since you are reading an article about paying off a mortgage early, but it's the best way to maintain a stable lifestyle and keep your sanity during this loooooong race.

Who doesn't dream about paying off the mortgage and freeing up all that monthly cash?

Not exact matches

«For people who have the risk tolerance, investing that money rather than paying off the mortgage is fine, but think about what would happen if the investments don't pan out and you still have to pay your mortgage,» says Craig Brimhall, vice president of Wealth Strategies at Ameriprise Financial.

But yes, I'd like to be reading about you finally paying off that last bit of mortgage debt while I'm sitting on the beach sipping lemonade later this year.

Rent a suite in the basement to pay the mortgage, keep working up the ladder every 10 years as your equity increases, don't worry too much about paying the mortgage off, and never be out of the market.

When applying for a traditional mortgage loan, lenders usually prefer for your debt - to - income ratio (the money you use to pay off debts each month divided by your monthly income) to be below about 36 %.

On another end of the spectrum, a good discussion would be about if you should make the minimums on your mortgage, or pay it off ASAP.

I just had a question about how paying off debt other than your mortgage factored into your plan over the past 15 years.

The blue sky column is achievable if it's a bull market and all my rental property mortgages are paid off in about 5 years.

Today we're diving into those thoughts and feelings, and — because we got so many questions about it — diving into why we did pay off the mortgage on our house but why we're not paying off the mortgage on our rental anytime soon.

Paying off our mortgage last week has gotten us thinking a lot about debt, and how differently we all think about it — but also how we * feel * about it.

U.S. households use about 8 % of their income to either pay off debt, or increase savings — or sometimes both at the same time, as in the typical case of a mortgage payment.

A report by Bristol University and the International Longevity Centre (ILC - UK) found that about two - fifths (40 %) of people aged 75 and over and who still have a mortgage to pay off have an interest only mortgage with no linked investment with which to pay their loan back.

Learn about the ways you can pay off your Mortgage with PNC, and setting up your account for payment processing today!

One would hardly realize that the problem facing U.S. industrial employment is that wage earners must earn enough to pay for the most expensive housing in the world (the FDIC is trying to limit mortgages to absorb just 32 per cent of the borrower's budget), the most expensive medical care and Social Security in the world (12.4 per cent FICA withholding), high personal debt levels owed to banks and rapacious credit - card companies (about 15 per cent) and a tax shift off property and the higher wealth brackets onto labor income and consumer goods (another 15 per cent or so).

And at the same time I can either keep renting the property until the mortgage is paid off in about 6 years or so, and can own the property at 26!

All too often, he said, everyday people still face corrosive uncertainty: Go to any bar or restaurant, and you'll find parents who are no longer sure they'll be able to pay off their mortgages, parents fearful about whether their retirement savings will be enough, parents worried their kids will be eternally buried underneath student loans.

It's partly about exposure; but if it doesn't work, I still have a # 1 bestselling book, I've still paid off the mortgage — I have nothing to lose.

Bad e-mail subject line: Renowned Expert and Author Reveals Everything You need to Know About Home Mortgages and Why You Shouldn't Pay Them Off

Now that I have some land I'm trying to learn to grow some of my own food, and I already round up the mortgage payment every month even though money is super tight, but if I get $ 100k extra in writing income over the next however many years, I could pay off the mortgage, get proper insulation for this drafty old place, and put solar panels on the roof, at which point I could live comfortably on about $ 1000 a month (except for the unexpected stuff), so that is my current dream.

Croft told The Bookseller that while he couldn't go into details about the terms Amazon deal, it has «paid my mortgage off at the age of 29... that should give you an idea of scale».

If a borrower is concerned about their ability to make these higher payments, he or she may want to consider a 15 or 20 year mortgage and make extra principal reduction payments to pay off their loan faster.

About 64 % of Americans own the home they live in, although the majority are still paying off a mortgage.

The great part about the $ 60,000 I make every year is it will last as long as I own my rental properties, in fact it will increase over time as I pay off mortgages and inflation causes rents to increase.

But if you're paying rent, and worried about being able to pay rent when you retire, the obvious choice is to buy a flat now on a thirty - year mortgage so that you can stop paying rent and the mortgage will be paid off by the time you retire.

Chilton talks to a lot of people about their finances, and he says that while many Canadians are good at paying off their mortgages, he finds a large proportion don't subsequently save enough when the mortgage is gone.

You also have about $ 500,000 left on a mortgage you expect to pay off in 20 years.

Pay off your mortgage faster: Refinancing might mean making higher payments with a 15 year mortgage, but the benefit of paying it off sooner is a great plus if you're concerned about retirement assets and rising expenses.

The good thing about keeping your mortgage terms rather than paying them off is that mortgage interest rates for long term plans tend to stay pretty low.

Undertaking a few simple steps towards credit repair will go a long way into showing them that you are serious about this goal and that you have the willingness to pay off your mortgage in the future.

So literally, your mortgage payment is going down every month at an accelerating rate as you pay your mortgage off and depending on how the numbers work out, you literally can pay your mortgage off in about five to seven years.

Watch this video by Johnny FD to learn more about buying a house with cash vs paying off a monthly mortgage:

All you need to know about 50 - year Mortgage Home Loans When the time comes to purchase a home, you probably are not thinking about paying it off for the next 50 years of your life, but this is exactly what some...

Biweekly mortgage loan payments can allow you to pay off a 30 - year mortgage about six years ahead of schedule.

Be sure to think about how much income your family will need to carry on, including daily cost of living, paying off a mortgage or debt, and college tuition.

This week we have questions about buying a home in the down economy, and whether to pay off student loan debt or pay down your mortgage.

A person we knew was trying to convince us that it was better to pay off the mortgage, even though our investments have averaged about 10 % / year for a long time (they're a combination of stocks and some partnerships we're in).

Learn about the debt snowball, snowflaking, and various strategies for paying off your mortgage early.

As for those who say people will spend the money if they did not pay off the mortgage first, what about when the mortgage is paid off where will the extra money go then?

My husband has more than the remaining amount on the mortgage by about 70 % in his taxable account so I'm trying to convince him to pay it off ASAP but he doesn't want to do that.

800 is still an excellent credit score but it is about 4 % lower than it was prior to paying off our mortgage.

You could also argue that there really isn't a good reason to care about your FICO scores after you've paid off your mortgage although FICO scores are increasing being used to determine your insurance risks and employability.

(To learn more about the importance of freeing yourself from mortgage payments entirely, read Paying Off Your Momortgage payments entirely, read Paying Off Your MortgageMortgage.)

On a $ 200,000 mortgage that's about $ 2,000 to $ 4,000 in annual savings you can use to make extra mortgage payments or, if necessary, pay off other debts.

Consider that, on a $ 100,000 mortgage at 6 %, just by making a $ 5,000 prepayment each year, you can pay off the mortgage in about 11 years (compared to the usual 25) and reduce the overall interest you pay by $ 55,668.

One of the big objections I hear too often about paying off debt is «But I get a great tax deduction for my mortgage and student loans».