Sentences with phrase «like paying off your mortgage»

Take the amount of money your family will need to cover any expenses — whether it's immediate cost of living expenses, long - term plans like paying off a mortgage, one - time big expenses like college tuition, and / or funding your partner's retirement — and that's the amount that you'll need to have on hand to be self - insured.

It's kind of like paying off a mortgage — you pay a lot toward interest at first and very little toward the principal.

Because this type of insurance runs out at the end of the term, use it to protect needs that you can anticipate — like paying off a mortgage or funding college for your children.

People with a short - term need generally include those who want life insurance to cover a specific debt - like paying off a mortgage.

People with a short - term need generally include those who want life insurance to cover a specific debt — like paying off a mortgage.

This can provide a safety net for your beneficiaries and can also help ensure the family's financial goals will still be met — goals like paying off a mortgage, keeping a business running, and paying for college.

The idea behind this strategy is that by selecting a term length that exceeds a set timeframe for your primary need of coverage, like paying off the mortgage, you will no longer need coverage once your financial goals have been met.

This keeps your premiums affordable allowing you to invest into more lucrative investments like paying off your mortgage early or maximizing your 401k.

Not exact matches

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.

The bank will typically need to pay off any primary lien on the property, like a mortgage or home equity loan, before they can foreclose.

I had laser like focus trying to pay off my mortgage which caused me to live paycheck to paycheck.

The process works like this: You apply for a new home loan to pay off your existing mortgage balance.

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.

Would you like to pay off your mortgage faster, by refinancing into a loan with a shorter term?

While this may seem like bad news, it'll mean much less will be paid in interest over the shorter term and the mortgage will be paid off much quicker.

However, a lower down payment adds extra expenses like mortgage insurance to your monthly payment — and it also means that you're paying off a larger principal balance from the start.

In theory, interest - only mortgages are paid off just like regular 30 year mortgages once the principal deferment period ends.

I'm investing with my bank now, but it I like to check out new possibilities for when our mortgage is paid off.

Every debt we've paid off so far has been like pink, strawberry frosting, and I bet the mortgage will be like the whole cake.

Also, include aspects like paying off an existing mortgage, realtor fees, furniture for the new living space, and transportation fees.

Unfortunately, the Empire State has the third latest date in the nation for when taxpayers pay off all their tax obligations and start pocketing their hard - earned money to pay for things like mortgage, groceries, car payments, electric bills and college tuition.

«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.

We are all broke and wondering how to save our ailing industry, rescue our beloved characters and pay off our huge millstone - like mortgages which seemed such a safe bet at the time.

When you come out of the early repayment charge period, you can pay as much as you like off your mortgage without paying any charge.

This means that the mortgage is paid off in a lump sum all at once, rather than in a series of fixed payments like for other installment loans.

In theory, interest - only mortgages are paid off just like regular 30 year mortgages once the principal deferment period ends.

On installment loans that amortize normally, like a typical auto loan or 30 year mortgage, the loan's balance is gradually paid off through fixed monthly payments.

However, a lower down payment adds extra expenses like mortgage insurance to your monthly payment — and it also means that you're paying off a larger principal balance from the start.

A home mortgage often feels like an irremovable burden you carry for life, shackling you to hundreds of thousands of dollars in debt which seems impossible to pay off in full.

yes and no its definitely not charitable as they are making money of off you but depending on the outside conditions if you had to pay a mortgage on that condo with only 35k in payments to start off it would more than likely exceed 500 dollars a month however there would always be a point were the mortgage would end and it dosent sound like thats going to be the case with you paying your parents so it depends on how long your going to have that condo and how much mortgage would have been.

For one, you'll hopefully have fewer people who rely on you for financial security, as your dependents become independents and you start paying off long - term expenses like your mortgage or car loan.

Private mortgage lenders like securing loans to property, which they can sell off to recoup if you are unable to pay agreed upon fees.

«Taking as long as possible to pay off your mortgage will add to your net worth IF (and ONLY IF) you invest your extra money in the market (like an index fund).»

If your mortgage interest rate is 5 %, paying it off faster is like getting a guaranteed 5 % return.

The bonds are mortgage - backed so if CSI reneges on its commitments, the property will be sold with bondholders getting a cut of the proceeds after all other lien - holders (like the bank and city) are paid off.

I didn't totally follow your first example, but it sounds like you had renters paying off your mortgage — that's awesome and pure business savvy.

If you'd like to pay your mortgage off, the first thing to do is call us on 0345 111 8020 ** to find out how much is left to pay off your balance including any fees or charges that may be applicable.

Paying off Medical bills, performing home renovations, and enjoying a life with no monthly mortgage payment are just a few benefits that Massachusetts residents like you have seen from their reverse mortgages.

Oregon residents like you have been able to pay off medical bills, perform home renovations, and simply live life without the financial burden of a monthly mortgage payment all thanks to a reverse mortgage.

It seems like the first few years of adulthood we do a really good job of getting into debt (student loans, mortgages, cars, credit cards, etc.) and we spend the remaining 40 to 50 years of our life worrying about having to pay it off.

The unstated idea behind LendingTree's recommendation is to take out a home equity or so - called consolidation loan, or to refinance your current mortgage and take cash out (like millions of now underwater homeowners did in the decade or so leading up to the 2008 U.S. housing crash), to pay off other, smaller but higher cost, debts like credit card or medical debt.

Perhaps you still have mortgage to pay like most people do, but your car should already be fully paid - off way before.

As we were paying off our mortgage using the debt snowball technique, I would often search for stories of people who had already paid off their mortgage to get a sense of what it actually felt like to help keep us motivated.

So — forwarding that experience to the mortgage situation, I like the idea of having the mortgage paid off because then you need less income every month to stay afloat.

The Whitfield's also like the idea that they could sell the home at any time, pay off the reverse mortgage, and have plenty of equity left for future needs.

The short answer: The debt snowflake method is used to pay off large amounts of debt, or a single debt with a very large balance (like a mortgage).

Once you've figured out what you'd like to do, consider paying off your mortgage to reduce your retirement expenses.

Paying off the mortgage gives you a guaranteed lower ROI, like a bank CD.

This means that if you had originally planned to pay off the term of the loan within 20 years, and now you feel like you need additional time, you may chose to extend the mortgage for another 5 to 10 years.

Canadians are so focused on paying off their mortgages that strategies like this tend to look good.