Eliminate a bad habit or three, forego an indulgence, eliminate a bill or two that are unessential, or cut an essential cost back and you'll have some money to
throw at your mortgage.
Some articles advocate that you put extra money in high - return investments instead of
throwing it at a mortgage, especially when you're young.
If you're aggressive with your payments, and find additional money to
throw at the mortgage, it's just going to keep getting better.
Not exact matches
Unfortunately, life can
throw lots of different things
at you potentially making monthly
mortgage payments difficult, if not impossible.
At that point, you can retire your home loan and
throw your
mortgage retirement party.
There are many ways to do this (putting extra towards principal each month, putting big chunks down here and there) but the bottom line is that you
throw extra money
at the
mortgage principal whenever you can.
Similar to
throwing money
at a
mortgage, make as many extra pre-payments as possible to increase equity.
Getting rid of a 30 - year
mortgage in 25 years is realistic if your payments are low enough that you can afford to
throw extra money
at the principal every month.
BMO
threw down its
mortgage gauntlet on Friday, with a rock - bottom five - year fixed - rate
at 2.99 % (down from 3.09 %), effective immediately.
So I'd keep a ~ year's worth of cash needs liquid and invested (giving me 6 mo worth in the worst case) and
throw the rest
at the
mortgage.
I recognize that they want their tax revenue and such, but given all the money that the government is willing to
throw at the strategic
mortgage defaulters, you would think they might want to instead encourage Americans to save.
We just
threw chunks of money
at the
mortgage whenever we felt doing so was our best option for surplus cash.
Remember, most people will make a lot more money in 15 years, and they should take advantage of this by
throwing more money
at their
mortgage.
The media, as driven and owned by the banks would have «us» believe that this act is a mandatory lifeboat response having to do with managing risk and loss precipitated by natural disaster credit - card reliance (since our government was out partying during these events and cutting birthday cake) and the
mortgage fiasco which in fact was created by the banks themselves when they
threw billions of dollars
at unqualified consumers around 2001 with knowledge of their poor risk and just to make a buck.
The
mortgage industry is one that gets a lot of different opinions
thrown at it, and some of them are based on inaccurate assumptions.
A comment such as «
At least I'm building equity instead of
throwing my money away on rent» would only be true if the amount of interest on the
mortgage plus maintenance and property tax was equal to the amount of rent being paid which it usually isn't.
We're
throwing every extra dollar we have
at the
mortgage.
In an effort to stabilize the
mortgage market after the housing crisis, lending has become a constantly evolving practice, where old rules are
thrown out and new ones - often aimed
at protecting the consumer - are put in, such as the rules recently enacted by the Consumer Financial Protection Bureau.
If you already own your house and are in a position to
throw a large (or medium) chunk of money
at the principal ahead of schedule,
mortgage recasting may make sense.
The terms that are
thrown at you when you take out a
mortgage loan can be confusing.
The $ 34,000 Student Loan is my LOWEST debt compared to my home
mortgage at 4.6 %, rental property
mortgage at 5.25 % (cash flow positive) and vacation home
mortgage at 5.875 % (which i don't want to
throw money
at anymore since the market is so bad).
So even though I'm all for big wins —
throwing chunks of money
at a debt — there's a smarter, longer - term trick I'm using to pay the
mortgage that will save me a lot of money in interest — and get the
mortgage paid off quicker.
I want to
throw as much money as I can
at the
mortgage (within reason, and without depriving my family).
I'm
throwing everything
at the
mortgage — because I already have an emergency fund and invest in the stock market.
I've worked out that if I
throw every extra penny
at my
mortgage, I can pay it off in just under 8 years... do I have to wait THAT LONG to get me one «a them nifty index funds?
Terrell Wong of Stone's
Throw Design, winner of the 2006 Archetype Sustainable House competition (built
at Kortright Centre), Martin Liefhebber of Breathe Architects, winner of the 1991 Canadian
Mortgage and Housing Corporation's Healthy House competition (built in Riverdale), in TreeHugger here: How To Make A Tiny Shed Feel Like A Luxury Addition: TreeHugger How To Make A Tiny Shed Feel Like A Luxury Addition Paul Dowsett of sustainable.TO, winner of a recent web competition to design a low - cost, low - energy house for New Orleans (pre-construction), Passive House Design from Canada Wins Competition For New Orleans Gerry Lang, senior architect
at Diamond + Schmitt and University of Toronto sustainable instructor, Lloyd Alter, past president of the Architectural Conservancy of Ontario and TreeHugger.com writer.
When you're in the prime of your career, juggling rent,
mortgage, student loan payments, raising a family and paying all sorts of other ancillary expenses that life
throws at you, retirement planning can take a bit of a back seat (for a decade or so).
Kiviat's article was well - timed to
throw fire on the MID debate: «Washington
throws more than $ 100 billion a year in tax breaks and subsidies
at buyers through the
mortgage - interest and property - tax deductions.
It starts slow and unimpressively - but that $ 200 monthly will become an extra $ 2400 annually to
throw at your second lowest
mortgage.
If you
throw too much
at the
mortgage, you won't have money for other needs.
Buying your first home is a daunting process, but if you're equipped with the right relationships, you can explore options like Andrew did, and capitalize on the hot housing market, and stop
throwing your monthly rent check
at somebody else's
mortgage.
With all the marketing language and
mortgage options that are
thrown at you by banks, it quickly becomes very difficult for you to understand what option is ideal for you.
There are many instances where a Seller will say no to closing cost concessions and in that case a Buyer who is told by a
mortgage lender that they will need very little money
at closing because a Seller will pay the Buyers Closing Costs and Pre-paids, the Buyer gets very upset and it
throws real estate deals in jeopardy.