Sentences with phrase «paying off the mortgage on»

To put this $ 470,000 in perspective, if a couple used this money to pay off the mortgage on a median priced house, they would be able to buy an annuity that would pay them roughly $ 1,200 a month.

We are a couple just pass 40, and we have two rental properties with one we are still paying off, and we are paying off the mortgage on our prime residence.

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.

Pay off the mortgage on their house (as recommended by yours truly) and accumulate a nice nest egg close to seven figures.

Some state lawmakers are using per diem reimbursements to pay off the mortgages on their Albany - area homes.

His office found the group diverted $ 800,000 in taxpayer funds for elderly services to pay off a mortgage on a vacant building and that its former director charged thousands of dollars of personal expenses to a company credit card.

He and his wife scrimped and saved so they could pay off the mortgage on their first home in just six years.

So over the years as Marina and Roderick paid off the mortgage on their home, they also contributed to RRSPs, which she invested in stocks and GICs.

They wanted to know if the proceeds from selling the duplex should be used to pay off the mortgage on their Montreal townhouse.

She was a single mom just a year away from paying off the mortgage on her townhouse.

Based on the information you provided, your prepayment charge will be approximately, if you were to pay off your mortgage on date.

It's now 3 and a half years later and we've eradicated 85 % of our starting debt, we'll pay off the mortgage on the 25th and will eliminate the last bit of consumer debt this summer.

Should I sell my rental property, pay off mortgage on my house and borrow another $ 600,000 to by another rental property or to invest?

By the time Gerry turns 55, he expects to have paid off the mortgages on his two properties, which will provide $ 20,000 a year in rental income.

Heather Franklin, a financial planner in Toronto, goes one step further: She thinks the Jacobsons should sell one of their rental properties and use the proceeds to pay off the mortgage on their principal residence.

Yep, taking all that risk, living first in a construction zone and then with lowly basement - dweller renter scum beneath their feet will likely leave them paying off the mortgage on the very same date as if they had done nothing.

Our general thinking is to pay off the mortgage on our residence ASAP but make no additional payments on our rental property mortgages.

She's also a single mom, but despite the expenses of child - rearing, she is just a year away from paying off the mortgage on her modest townhouse.

I've recently been mulling over whether to pay off my mortgage on a rental property or invest with Vanguard.

«He recommends that we pay off the mortgage on our townhouse as much as possible with the proceeds from the duplex sale, but then borrow against the townhouse and buy solid investment vehicles,» says Margaret.

We were using the strategies we use on our personal homes to pay off the mortgage on our investment properties.

(See also: 6 Great Reasons for Paying Off the Mortgage on Your Home)

It is a balance — ideally you want to have your emergency fund, no credit card debt, funding retirement accounts, and also paying off a mortgage on a 10 - 15 year schedule.

Instead, investors should focus on paying off the mortgage on their primary residence, first, before tackling the mortgage on an investment property.

The couple continue to travel, and fund their low - cost lifestyle by designing small spaces for other clients, while at the same time, securing their financial future by paying off the mortgage on the main house by renting it out.

For example, using it to pay off the mortgage on your marital home is not smart considering the matrimonial home is split upon divorce.

Joe's second wife had paid off the mortgage on their house, but never got her name on the title.

Most likely you are retired by now and have very likely either paid off the mortgage on your house, or are very close to doing so.

If you really want to provide for your family, your death benefit will be high enough to pay off the mortgage on the family home.

As the beneficiary, Fred's wife receives a check from the insurer for $ 600,000 and immediately pays off the mortgage on the home.

Using the same mortgage scenario, Fred has outlived his 30 - year term policy, but has also paid off the mortgage on his home.

For some that will mean choosing a death benefit that is sufficient to pay off the mortgage on the family home.

One of the most common reasons people buy life insurance is to make sure their family would be able to pay off the mortgage on their home in the event they died.

Similarly, decreasing term policies are often used to pay off the mortgage on the family's principal residence in the event of the breadwinner's death.

My wife and I just finished paying off the mortgages on our 4 rental properties in San Antonio.

It would keep $ 50 million and use the rest to repay the investors and pay off a mortgage on the building, according to a person familiar with the negotiations who asked not to be identified because the talks are private.

If instead you turn right, you use the positive cash flow from the properties along with additional capital of your own to pay off the mortgages on the properties in your portfolio.

Upon the completion of acquisition, I would have this investor utilize the positive cashflow from both properties to aggressively pay off the mortgage on the first property while making regular payments on the second.

That is, we apply the positive cash flow as additional principal payment to pay off the mortgages on the properties one at a time.

In one instance, he gave his girlfriend almost $ 370,000, most of which she used to pay off the mortgage on her condominium.

When market conditions are healthy — like they generally have been over the past 30 months — they can relatively quickly raise debt through the issuance of notes, which they can use to pay off mortgages on their existing properties, providing them with added financial flexibility to sell or refinance.

Not exact matches

Assuming you've also paid off your mortgage, that's enough for a middle - class couple to retire on in reasonable comfort even if you have no other savings and no employer pension.

This makes for a great opportunity to focus on paying off your mortgage and any other debt.

Even as a professional, I've never lived above my means, never carried credit card debt, and paid down on my mortgage with every spare dollar I earned until it was paid off.

By comparison, in 1989, this group on average had equity equal to 81 % of their house price, meaning that many could look forward to a retirement in which their mortgage was already paid off.

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.

In 2013, our goal was to have the mortgage on our newly purchased $ 350,000 house paid off in less than 5 years.

That being said, I have a 3.75 % interest rate and I believe, over the long run, I can make a much better return on investing the money than using it to pay off my mortgage early.

Pay off an existing mortgage on a business or commercial investment property, including potential cash - out opportunities.

The bridge loan can be used for the down payment on the purchase of the new property and perhaps to pay off the remaining mortgage on the old property.