Do you have the cash to pay off your mortgage? Are you wondering about other investment opportunities? Look here for articles, columns, blog posts, radio shows and videos about how to pay off your mortgage and other opportunities.
Why you (probably) shouldn’t combine your mortgage and HELOC loans, especially if your mortgage is nearly paid off and your home equity loan isn’t. Q: I have 4.5 years left on my mortgage. I also have a home equity loan. Would it be wise to combined the two into one loan? A: While it sounds [...]
After years of work, you’ve finally made your last mortgage payment, jumped for joy and popped the Champagne. Congratulations! It’s a big accomplishment – but don’t forget to wrap up all the loose ends. The first step is to start watching the mailbox for your cancelled mortgage documents. These documents prove that you own your [...]
Finished paying off your mortgage? Below is a list of documents you should receive from your lender after paying off your mortgage. Q: My husband and I love to read your articles in the Home section of our local paper. We are close to paying off our home mortgage and would like to know the [...]
You'll often hear people ask whether they should prepay their mortgages, and for many it makes sense to prepay. Q: I hear and see so many financial advisors and experts recommending that people pay off their mortgages by making an extra mortgage payment each year. The reality is that it would be easier for the [...]
With stock values falling in 2008 some Americans may be considering doing a mortgage payoff using IRA money. Is it a good idea to pay off a mortgage with an IRA withdrawal? If you do use IRA money to pay off a mortgage don't forget to account for additional taxes. Another option if you can't pay off your mortgage is to refinance the mortgage loan.
Many people want to pay off their mortgages early. One option to pay off a first mortgage early may be to use a home equity loan or line of credit. Is this a good idea? A money merge account or money merge mortgage is a similar idea, where home owners pay all bills out of one account and they may be able to pay off their mortgages early. The catch to a money merge account is the upfront fee, which is not worth it. You can pay off your mortgage early without getting a money merge account or using a home equity line of credit.
Today on the Ilyce Glink Show, Ilyce reviewed President-elect Obama's economic team selections and his plans to create 2.5 million jobs over the next two years. On news of more bailouts, lower consumer spending and slugging auto sales, she also reviewed shopping's big day, Black Friday, and prepared for Cyber Monday. Ilyce answered questions about paying off property, cashing out a 401(k) to pay off a house, concerns about over-priced real estate, wages garnered for a debt never incurred and what to do with an $180,000 inheritance. To find out more, tune into the show. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. Subscribe to her YouTube channel: www.youtube.com/expertrealestatetips and friend her to be notified about new videos.
When you divorce you may want to remove some of the names on your home's mortgage. You can't remove the name of one of the borrowers on a mortgage loan using a quit claim deed. A quit claim deed can change the names listed on a home's title but not on the mortgage. To change the names on a mortgage loan you have to refinance, sell the home and repay the mortgage loan or pay off the mortgage loan with cash.
This homeowner has an extra $500 a month and can't decide if he should pay down his mortgage or invest in the stock market. What's the better investment for his $500? Some investment advisors tell people nearing retirement to put money in a safer investment, but the stock market could also bring greater returns.
A homeowner is considering withdrawing IRA (individual retirement account) money to pay off his mortgage early. There might be tax consequences to withdrawing IRA money. Here are the pros and cons of paying off the mortgage with money from an IRA.