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.
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.
A homeowner reader asks about making extra mortgage payments and the timeline. Ilyce says making regular extra mortgage payments will save you more money than making one large extra payment at the end of the year. No matter which way you're making extra mortgage payments, you will likely pay off your mortgage sooner and save money.
A home seller asks about paying capital gains tax on a home sale. The home seller thinks she and her husband may be exempt from paying capital gains tax. She is thinking of an old IRS rule. Now, the home seller will have to pay capital gains tax, although less if she's lived there two of the last five years.
When should a homeowner pay off a mortgage? To pay off the mortgage or have no more mortgage makes sense if your cash flow is dropping or you're losing money on your other investments.
A teacher is trying to sell her house, but she's worried about the slow market and her adjustable rate mortgage resetting to a monthly payment that she can't afford on her income. She wants to know how to pay down her mortgage, or what other options she has. To pay down your mortgage you can get another job or get a tenant to live with you. The only way to increase cash flow is to increase your income or lower expenses.
Home owners wonder when is a good time to pay off their mortgage loan. They have saved money to pay off their mortgage loan. They also want to get a new mortgage loan for a new home.
What's been the response to a letter on Mortgage Merge Accounts (MMAs)? Read these responses (edited for spelling and clarity) that help shed a little light on mortgage merge accounts and home equity lines of credit (HELOCs).
When you refinance or pay off your mortgage, you'll need to notify your insurance company. The insurance company should know that the title is now in the owner's name. This will make it easier to file a claim with the insurance company should you incur a loss.