Sentences with phrase «done paying off that mortgage»

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.

«I paid off $ 150,000 in 11 years,» she declares, «and not only did I pay off my mortgage early, but I am on track to retire at 48.

So, Sean, you are faced with a decision, do I pay off my mortgage really quickly or, because interests rates have been low for the last few years, should I instead pay my mortgage more slowly and use that money to invest?

I will be purchasing a property soon, so my question is the following: Do I pay off my mortgage off as soon as possible (by paying more every month) or do I put the same amount extra into some unit...

One thing people often overlook when refinancing, Goldman says, is that taking out a new 30 - year loan pushes out the date when you'll be done paying off your mortgage.

There really are so many factors you could take into the calc of whether or not it's a good investment that it makes my head spin... There's Time value of money, tax deductions, interest paid, investment return if you invest the difference up front, investment return if you invest what would have been your mortgage payments after you're done paying off the mortgage, etc. etc..

The nice thing about a 15 year mortgage, is that after 15 years, you're done paying off your mortgage.

Not exact matches

But my husband Luke and I did: We paid off our mortgage early — in nine years.

«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.

Paying off your mortgage may feel good, but that doesn't mean it's right for your financial plan.

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

With the madness that sometimes comes with my full - time job and two kids under four years old, we both agreed that if we're going to do this crazy 5 - year mortgage pay off extravaganza then we still need to have fun.

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.

i have 270k in equity in my house, thinking of paying off the mortgage but probably does make sense since my rate is 3.125 on a 30 yr.

If you have the means, you should definitely consider paying off your mortgage early, especially if your interest rate is on the high end and don't have other investment strategies in place.

It does kind of bum me out that I may have lost a small opportunity to take advantage of bearish markets but no sense in kicking myself too hard, it doesn't bother me as much as it used to and I think that's because amidst not being able to purchase discounted blue chip stocks, I ended up buying a house with help from my parents, and now I am a home owner with no mortgage (just a debt to my parents which I hope to pay off ASAP).

Most importantly, reverse mortgage loans don't have to be paid off until the home is sold or until the borrower no longer lives in it.

If you are doing well financially and find yourself in a position to pay - off your mortgage sooner rather than later, then switching your fixed - rate mortgage to an adjustable - rate mortgage can be a powerful way to save you thousands of dollars in paying off your home.

Whether you decide to put more than 20 % down depends a lot on how badly you want to beat out the competition for the home, whether you think your savings could do more for you invested elsewhere and how soon you want to build equity, pay off the mortgage and be free of that mortgage debt.

The part I struggle with is that ultimately the mortgage constitutes leverage whose value works for me if the market appreciates (woohoo the money I didn't pay the mortgage off with appreciates in the market), and against me if the market declines (aww shucks — the money I didn't pay the mortage off with is worth less now cause the market is down).

As long as your income doesn't drop, you don't have other unexpected expenses (like medical bills) and your mortgage is affordable to you when you purchase the home, you shouldn't have a problem paying off the loan.

Do you use your investment lump sum and pay off when it reaches the mortgage value?

If you can earn 5 % or more from stocks, an IRA, or 401 (k), it doesn't make financial sense to pay off your mortgage early.

Took 11 years to reach an 800 credit score on my own (29 year old without a home mortgage), but I do receive many credit card offers, and do collect 2 % + cash back on every purchase with my card, with 0 % interest seeing as its paid off every month..

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.

You might get a better return by boosting contributions to your tax - advantaged 401 (k) plan or building an emergency fund (if you don't have one) rather than trying to pay off your mortgage ahead of schedule, said McBride.

The Bristol University / ILC - UK research found that nearly one in 10 (9 %) households headed by someone aged in their late 60s still had a mortgage to pay off, as did one in 50 (2 %) of people aged over 80.

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.

If you go with this plan it's important to make sure your mortgage terms don't include a penalty for paying off the loan early.

For example, if you are behind in retirement savings, or do not have a cash emergency reserve, it may make more sense to put your newfound funds towards those financial goals while you continue to pay off a mortgage with attractive terms.

With a 30 - year fixed - rate mortgage, not only do you have a long time to pay off the loan (three decades) but your monthly payments will remain constant for the duration of the loan, unless you decide to refinance.

At the same time, many low - and middle - income taxpayers simply do not participate in the regular and automatic saving vehicles through which much wealth accumulation occurs, such as paying off a mortgage and making regular deposits to retirement accounts.

RATHER THAN THE GOVERNMENT PROSECUTE THESE FRAUDSTERS (Strategic Defaulters who are gaming and gaining off the System, and damaging the Economy by their thefts, and I know a woman doing this on her 3 homes, not paying any mortgages while she hides her money), OUR GOVERNMENT HAS RIGGED A SYSTEM TO COVER THE BANKS» LOSSES BY PAYING NO INTEREST ON RETIREES» SApaying any mortgages while she hides her money), OUR GOVERNMENT HAS RIGGED A SYSTEM TO COVER THE BANKS» LOSSES BY PAYING NO INTEREST ON RETIREES» SAPAYING NO INTEREST ON RETIREES» SAVINGS.

I found out my hubby didn't buy that house; he inherited it and it wasn't even payed off; the mortgage had only been $ 367 and automatically deducted!!!

The issue of an MP claiming expenses for a mortgage that has already been paid off really does matter to people, and politicians can not defend extra-marital affairs by pretending that the public isn't interested.

We've got more members than we've ever had before, we've paid off all our debts to the party, we don't have any mortgages, we are in a very strong, organised position.»

«When you have government mandated expenses like property taxes and water and sewer rates that have gone through the ceiling in the last 10 years, that now eat up anywhere from 30 — 40 - percent of every rent dollar an owner takes in, then it doesn't leave much left to pay off your mortgage, to make repairs, to invest in the capital improvement in your building.

He did say the «vast majority» of the proceeds of the lease - back paid off real estate - related mortgages, and helped finance the startup of Crystal Run's insurance company and managed care company.

Tube8 provides a huge selection of the best Money Pit Stop: I'm an ex-policeman with # 80k to invest in retirement, where should I put it - and do I pay off my # 30k mortgage?

In Animal Crossing: City Folk, once all the cockroaches have been killed, the player does a victory cheer similar to the one displayed when a mortgage is paid off or the Tom Nook's tasks are completed at the start of the game.

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.

At 16, I didn't think I would ever be able to afford a car let alone a house, but I had paid off my mortgage by the time I was 40.)

Unfortunately, traditional mortgages do not have special safeguards in place for the spouses of those veterans who pass away before paying off the loan.

If you are looking for a way to pay off your existing mortgage to free up cash, you may be eligible to get a reverse mortgage loan to leverage your home's equity and pay off your existing mortgage.2 Reverse mortgages, unlike forward mortgages, do not require monthly mortgage payments for as long as you live in the home as your primary residence, maintain it in accordance with HUD guidelines, and pay your property taxes and homeowner's insurance.1

Congrats on paying off the mortgage, has it changed your investment style now that you don't have a mortgage payment?

In contrast, the initial payments towards interest - only mortgages don't go towards paying off the loan at all; they only cover the borrowing cost.

One of her clients, a widow, wanted to do some work on her house, whose mortgage was almost paid off.

I don't need an open mortgage since I won't be able to pay it off in 3 years.

It's important to remember that refinancing your mortgage does not pay off your debt; it simply restructures it under different terms.

And unlike PMI, the piggyback loan doesn't cancel, but will be paid off over the term of the mortgage.