Sentences with phrase «off other debts»

While paying off your mortgage may give you peace of mind, investing additional funds or paying off other debts could give you a greater sense of financial security prior to paying down your mortgage.

This cash can be used for any purpose including paying off other debts and other expenses such as school fees and college tuition; or, for home improvements; or, for anything else you want or need.

You can use it to pay off other debts, fund your retirement, pay for a child's education or wedding, or use it to purchase your next home.

With a reverse mortgage seniors may be able to eliminate their monthly mortgage payments, 1 pay off other debts, 2 and gain extra cash.

Alternatively, a larger down payment will also allow you to pay smaller monthly amounts towards your mortgage, giving you wiggle room to save for a car, pay off other debts, or put aside money for emergencies.

It not only provides mortgage protection, but the amount of coverage remains level, so your family has additional funds to pay off your other debts, including credit cards, final expenses and education costs for your kids.

As we've discussed here, it can be worth it to secure a term life insurance policy even before paying off other debts — and in many cases because of those debts.

However, if they would rather use the money for paying off other debts, or even for taking a nice vacation, they have that option, too.

These policies will typically have a face amount of coverage that is between $ 5,000 and $ 25,000 — so in many cases, an insured may also have additional funds in the policy that can be used for paying off other debts, uninsured medical expenses, and other ends of life costs.

It can also be used for paying off other debts, such as uninsured medical bills and the cost of hospice care.

One key reason for this is because the other life insurance that is already in force may be earmarked for paying off other debts.

You max out a credit line on one side to pay off all your other debts, but then find yourself with a new stack of other debts that you now can not pay.

If you have equity in your home and you need cash to pay off other debts, improve your home, buy a car, pay tuition or use for any other lender - approved purpose, choosing a cash - out refinance is your best bet.

A HELOC can add to debt woes, however, if homeowners take out a line of credit on their home to pay off other debts, then continue to spend more than their incomes justify.

You can use your Top - Up loan for anything like pay off other debts using this loan, buy a car, fund a business expansion, marriage, child's education, vacation, etc but not for speculative purposes.

A debt consolidation loan could potentially reduce your monthly outgoings by 50 % by paying off all other debts and leaving you with only one repayment.

By remortgaging you house you may be able to release some equity from the house which will allow you to pay off other debts such as loads and large credit card bills.

Once you have paid off the smallest debts, it gives you confidence that you can pay off the other debts too.

The more debt you pay off in full, the more money you'll have to pay off your other debts.

If you've grown accustomed to borrowing against your home to pay off other debts, you may be forced to explore other debt reduction or elimination strategies.

Around 26 percent of the respondents were most interested in paying for everyday expenses, preparing for emergencies, or paying off other debts.

I maxed out my federal aid to pay off other debts.

You may not have an extra $ 34 while trying to pay off your other debts.

So essentially the interest payments can be offset by the tax benefit and hence one is advised to pay off educational debt only after paying off other debts.

One scenario she's considering is simply selling the Calgary townhouse she's barely owned for a year — a move she believes would allow her to break even, get the huge mortgage off her back and pay off her other debts quicker.

In this case financial advisors recommend paying off other debts and repay the educational loan after them.

When you downsize successfully, not only do you reduce your mortgage debt by taking on a less - expensive home, you might also have enough cash left over to pay off your other debts, such as a student loan or credit card.

You can utilize the remaining amount to pay off your other debts like credit card bill, mobile bill, store bill etc. at a time.

We have worked with people who need home equity loans to pay off other debts, finance college education and home upgrades.

Of course, if you use your refinance to pay off other debts, make sure you don't get yourself into the same mess again.

Besides mortgages, term life insurance is also effective for paying off other debts.

Debt Consolidation — a loan to pay off other debts, eliminating high - interest rates and multiple payments.

You can use the money from a second mortgage for any purpose, whether it is for your home refurbishment, buying a new house, or paying off other debts.

These loans can help borrowers who need to pay off other debts by consolidating the debt and making payments easier.

Paying off the loan will benefit you by paying off other debts and fixing your credit score.

If you've already had success paying off other debts in your debt snowball, you should be able to pay off your student loans in a relatively short amount of time.

Using loans of this nature to pay off other debts can be akin to robbing Peter to pay Paul.

The extra money in your pocket today could serve an immediate need to pay for repairs or pay off other debts.

Most banks have the right to transfer cash from your bank or savings accounts to pay off other debts held with them, such as credit cards or loans.

Borrowers can use it to pay off other debts and then work toward making timely payments on the mortgage.

I remember people taking out their equity to pay off other debts or to take vacations or to buy a car.

Draw on your business line of credit to get more working capital, buy inventory, handle seasonal cash flow gaps, pay off other debts, or address almost any other business emergency or opportunity.

Debt consolidation is a loan that is used to pay - off all other debts — allowing debtors to have only one new low - interest loan to pay back.

If you are currently struggling with finances, you can also refinance and use the extra cash to pay off other debts.

After you get a debt consolidation loan and use it to pay off other debts, your credit score will go up.

If you have a negative tradeline on your credit report that's nearing that seven year mark, you should prioritize paying off other debts first.

When refinancing your home, the new loan pays off the existing loan and can often include additional money in your pocket for things like home improvements or to pay off other debts.

Avoid getting a credit card if you are using it to pay off other debts.

That extra $ 450 meant she was able to pay off other debts and finally start to save a little bit of money each week.

With DH's recent home purchase at the time, there were no plans to aggressively pay off these other debts.