Sentences with phrase «after paying off the mortgage»

Money left over after paying off the mortgage goes to the deceased's beneficiaries.

Borrowers with substantial equity in their home may be eligible to receive additional funds after paying off their mortgage.

That can happen if, after paying off your mortgage and getting the kids launched, you get used to spending the extra on luxuries.

rst one we did after paying off our mortgage was digging out and extending the length of our basement.

The Realization that you'll Always Have Bills: Perhaps the biggest surprise we've had so far after paying off our mortgage is having an increased sensitivity to utility bills and other monthly expenses.

An increased Interest in Home Improvement Projects: Another phenomenon that I didn't expect after paying off our mortgage is an increased desire in home improvement projects.

After paying off the mortgage, plus real estate fees and other closing costs, they hope to walk away with $ 40,000 — money that they will use to start building a new life for themselves.

If you were to sell your investment property, the equity would be the money you receive after paying off the mortgage in full.

Couple A invests $ 2,533 a month for 50 months after they pay off their mortgage, while Couple B invests $ 2,533 annually for the term of the their mortgage.

How do we go about transferring to my name 100 % after I pay off the mortgage with no tax implications?

Paula, we struggle with this debate even well after we paid off our mortgage.

After paying off my mortgage in 2 years, I have freedom that those with a mortgage do not have.

Some homeowners opt to downgrade home insurance after paying off a mortgage rather than eliminate it altogether.

This way if you were to die late in the policy term, there would be a substantial amount of money left over for your beneficiary after paying off the mortgage.

The same is true when you have a mortgage against a house and you sell the house for a gain and use the proceeds to pay off the mortgage; you still have a taxable gain, even if the net proceeds after paying off the mortgage are small.

After paying off a mortgage, or paying down most of a mortgage, the homeowner could take out a loan that they would not have to pay back until they passed away, or until they sold the home.

So, if your home is worth $ 300,000 you should have at least $ 600,000 in investments after paying off your mortgage, after all your home can't feed you in retirement, but your investments can.

Borrowers with substantial equity in their home may be eligible to receive additional funds after paying off their mortgage.

Thank you Melissa for your very timely words — today my husband and I received the title deeds to our property in the mail after paying off our mortgage a week ago AND today is the day our kitchen, dining and laundry renovation began with the chiseling up of 40 square metres of brown tiles that we have wished we could replace for the 21 years we have lived here.

Not exact matches

One of our main goals after the mortgage is paid off is to increase our passive income.

After you complete the project, you should be able to obtain a $ 2.5 million mortgage on the property, and use much of the proceeds to pay off the bridge loan, both the principal and interest.

In the United States, it took many months for mortgage defaults to fall after the most recent housing bust — and energy companies are struggling to pay off the cheap money that they borrowed to pile into the shale boom.

Comment: After paying off $ 815,000 in mortgage debt in June, I wasn't motivated to pay more debt down.

Either way, hubby and I will still buy another house after our mortgage is paid off.

After the interest - only period ends, most borrowers refinance into a different mortgage or sell their home to pay off the loan with a lump sum.

I was able to escape living paycheck to paycheck after I finished paying off my mortgage.

Before paying off a home loan in full, make sure you will have a significant buffer remaining after you become mortgage free.

Postponing saving for retirement until after the mortgage is paid off can be risky — not only can you run out of time to save enough capital, but for many people, the discipline of saving can be harder when there are other options for consumption.

While the mortgage is certainly the largest and most visible cost associated with a home, there are a host of additional expenses, some of which don't go away even after the mortgage is paid off.

After the first rate adjustment, your interest rate can change each year until you pay off your mortgage.

An extra $ 725 is available after you pay off the student loan, plus the $ 1,013 minimum mortgage payment.

The good news is that loan will be forgiven after 10 years, providing you don't move, sell, refinance or pay off your first mortgage during that time.

Mortgage lenders — which require tax liens and judgments to be paid off before okaying a loan — may unearth these records after running title lookups during the approval process for a refinance or sale.

After all the conversations and lawyers and papers, we finally received our check today after the church mortgage was paid off yesteAfter all the conversations and lawyers and papers, we finally received our check today after the church mortgage was paid off yesteafter the church mortgage was paid off yesterday.

If you haven't been following along with my blog, in a nutshell... we sold some land and after over a decade of financial stress, we've suddenly paid off our mortgage.

The older guys on here may well relate to the fact that after years of paying off their mortgages, there comes a point when they can / could afford bigger, better holidays etc, as the demands of repayments reduced.

The former minister claimed # 16,000 in mortgage interest payments, 18 months after the mortgage was paid off.

We are there when our constituents need to get passports for that trip of a lifetime, are eagerly starting their own business with hopes of becoming the next Steve Jobs, buying their first house, paying off their mortgage after 30 years or proudly reciting the oath of allegiance to become a part of the American dream.

In theory, if the actuarial assumptions hold true going forward and no new benefits are enacted, the amortization costs will eventually disappear (after 30 years, under a typical funding schedule), in much the same way that a homeowner's monthly expenses decline when the mortgage gets paid off.

When a homebuyer wants to purchase a house in need of repair or modernization, they would typically need to obtain interim financing to purchase the home, additional interim financing to perform the repair work, and then a permanent mortgage to pay off the interim loans after the work has been completed.

After the house is built, you will pay off the construction debt in the form of a traditional mortgage.

Hundreds of thousands of home sellers have had their pockets picked at closings during the past decade: They've been charged interest on their mortgages after their principal debts had been fully paid off.

After the interest - only period ends, most borrowers refinance into a different mortgage or sell their home to pay off the loan with a lump sum.

Lenders first use reverse mortgage loan proceeds to pay off existing mortgages and liens on the property, after which borrowers may use the rest of the funds in almost any way they wish.

Perhaps you only bought life insurance to cover your mortgage, and having paid it off after 20 years, you no longer need life insurance.

After the bank transferred the $ 625,000 for the refinance to Metropolitan's escrow account, Andreotti spent the money on personal expenses instead of paying off the first mortgage on the house.

After I paid off my house mortgage many years ago I had this discussion with my mortgage agent (now bank VP).

They want to pay off their mortgage in 20 years and retire at 55 with a $ 50,000 after - tax annual income.

Then there's the fact that these costs arise many years from retirement: parents in their 30s and 40s usually can't afford to put away much for retirement, so the bulk of their saving tends to come after the kids have left home and the mortgage is paid off.

How we paid off our debt How I started and sold my business How I thrived financially after divorce How I built a solid portfolio How I became a landlord How we paid off our mortgage early