For example (with mortgage and
without mortgage scenario): 1) your mortgage is $ 75000 @ 5.5 % interest (fixed) 2) assume you're in a 25 % tax bracket 3) assume your income is $ 60,000 / yr
Not exact matches
Since there is a time value to money, in that
scenario the
mortgage loan
without points would represent a better deal for you, even though the APRs are identical.
Without mortgage life and disability insurance in a default
scenario, you will be required to pay back the loan in full, almost immediately.
The SM requires no cash outlay, so there is no
scenario where your
mortgage is paid down more quickly
without doing the SM.
After listening to your concern about how your wife could handle the responsibility of a home or office
mortgage without your income stream, your agent, who operates in the world of risk management, presents you with a simple and affordable solution to your «what if»
scenario.