Sentences with phrase «to pay down the mortgage»

The best scenario for many people is contributing to an RRSP as well as paying down the mortgage.

Homeowners may also want to tackle their biggest debt by paying down their mortgage faster.

We start off by paying down our mortgage as in scenario 1, case 2.

People approaching retirement often focus on paying down their mortgages for that reason alone.

In a cash - in refinancing, something practically unheard of during the housing boom earlier in the decade, the homeowner pays down their mortgage balance at closing.

I am not a fan of paying down the mortgage faster.

What's so wrong with paying down mortgage debt?

For fixed income, do consider what I and others have already posted re: the benefits of paying down your mortgage in lieu of making fresh contributions to fixed income.

Paying down a mortgage with retirement funds may trigger taxes and penalties.

We'd like to use these funds to help pay down our mortgage sooner.

It may be the less «sexy» option but it is to aggressively pay down the mortgage as fast as I can.

Or more accurately: the more the tenant pays down the mortgage for you.

Alternatively, may I suggest that you NOT pay down your mortgage quickly.

The most common advice is to pay off your consumer debt (credit cards and car loans) then start investing while paying down your mortgage and student loans.

If borrowers want to protect themselves further, they could just pay down their mortgages more.

You would be hard pressed to make more in fixed income right now then you would by paying down your mortgage principal, at least in my opinion.

I know that there are many of you who disagree with our decision and would rather prefer to be invested in the stock market over paying down the mortgage early as possible.

If paying down your mortgage helps you sleep better at night, there are simple budgeting tricks to help accomplish this financial goal.

We're confident that we can find you a great rate, and help you find ways to pay down your mortgage sooner.

To keep it simple, we will just look at appreciation and assume you don't pay down the mortgage at all over those 15 years.

You build equity for free as your tenants pay down your mortgage while the property (in many cases) appreciates.

Then they put most of their savings into paying down the mortgage in less than 10 years.

One major benefit is the equity you earn by paying down your mortgage over the years.

And I see, a lot of people think, you know, why pay down your mortgage when interest rates are so low?

Today, I'm going to be looking at whether it's better to keep an emergency fund, or pay down your mortgage instead.

Even paying down your mortgage provides you with a guaranteed after - tax return of 5 % or so.

In eight years are you ahead of the after tax return you could have earned by just paying down the mortgage?

The stock market is never guaranteed, but the return from paying down your mortgage is.

If it's getting rid of debt, then pay down your mortgage as quickly as possible.

The couple decided to make paying down the mortgage on their $ 400,000 home their top priority — a goal they will meet this month when they make their final payment.

To be clear, I still believe it's worth paying down the mortgage rather than keeping a separate emergency fund.

However, I'm on the fence about paying down the mortgages on our rental homes.

Anyway, the «keep your mortgage vs. crush your mortgage» issue is one I've been struggling with myself... I'm leaning toward paying down the mortgage early.

Make sure you use a company where you can «shed» some coverage and lower your premium as you start paying down that mortgage note.

For us, the age - old pay down the mortgage vs. investing question is in play.

If it's a mortgage refinance, simply pay down the mortgage balance a bit more before you apply, whether on schedule or by making extra mortgage payments.

I'm considering between paying down my mortgages and buying more property so I like to read these kinds of analyses.

Another option is to apply dividend income to paying down the mortgage principle more quickly, taking 15 years off the 30 - year mortgage and saving thousands in interest payments.

Most people paying down a mortgage will opt to make monthly payments, as that has been the norm for decades.

Every year the tenant has been slowly paying down the mortgage for me (1.5 % to 2 % a year in the first several years of a 30 year mortgage).

When I'm a fully licensed mechanical technician three years from now, I'll earn $ 60,000 to $ 90,000 annually and will put any disposable income towards paying down the mortgage.

Sometimes the reason we contribute at the last possible moment is that we have other, more pressing financial priorities like paying down the mortgage or investing in a family business.

You've said that saving for retirement beats paying down your mortgage.

Has the equity in your home been built up through rapid appreciation, or has it come through diligently paying down your mortgage?

Higher inflation can also results in higher interest rates which will result in higher mortgage costs, so paying down the mortgage now means that much less interest to pay should rates rise.

This strategy allowed us to rapidly pay down the mortgage and by last year, we were mortgage - free.

The «mortgage - first» approach shows how much you'd need to save if you focused on paying down your mortgage until your 40s, then saved 20 % of your salary.