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.
When you have a modest income, it can be difficult to make all your monthly payments and put aside savings. However, if you can manage to build up a savings, it might be worthwhile to pay off your mortgage. If you start saving your monthly mortgage payments, you will build up your savings in no time, and you will be earning the interest that you would have been paying to the mortgage company.
Should a homeowner take the proceeds from selling a business and pay off her mortgage? Paying off a mortgage is a good way to reduce your out-of-pocket cash expenditures each month. However, you have to make sure that you make enough by saving on interest, than you would if you invested the money. You also need to look at how much you will have to pay in taxes on the money.
A homeowner is ready to pay off their mortgage, which is held by a private individual. When you are certain you've paid off your mortgage, you'll need to contact the lender and confirm that the mortgage is paid off. The lender will need to return the original note and mortgage to the owner upon its payoff.
As you're looking for a real estate agent to sell your home you may interview some that will ask you questions about how much equity you have in your current home. While it is none of the business of the real estate agent, the agent may be seeking reassurance that she or he will receive their real estate commission upon selling your home. You can reassure the real estate agent without sharing how much equity you have in your home or providing other personal finance details.
Ilyce discusses the latest news in the world of identity theft. Ilyce then takes calls on topics from identity theft to dealing with mortgage company after a 30-year mortgage was suppose to be paid off.
A home buyer was due to close on a house and the lender foreclosed on the seller. Can a deal be saved on a foreclosed home? The buyer should be sure to understand what is going on with the seller and the foreclosure before attempting to move forward.
A homeowner paid off her home mortgage but doesn't know if a lien was removed from the title. Once the lender receives payment, it then needs to prepare a release deed or release of lien to clear the title to the property. Unfortunately, some lenders have become overwhelmed by the refinance boom and have failed to keep up with the documentation of release deeds or release of lien letters.
How can you get the name of a fellow home investor off a deed after you pay off the mortgage to a home? You may initially need a partner to buy a home, but what can you do if you pay off the mortgage and your partner disappears? You likely want the home's title to list only your name when you pay off the mortgage. To change this you'll need to go to court and file a partition lawsuit with the help of a knowledgeable attorney.
When you sell your home you may face a mortgage prepayment penalty if you still have a mortgage loan. In addition you may have to pay taxes on the profit from the sale. To determine the best way to structure a real estate sale when you have a mortgage loan with a prepayment penalty you should contact a real estate attorney and accountant.
Homeowners need to be careful about over-appraised mortgages. If the loan is over appraised, the homeowner may not be able to pay it back upon sale of the property. Beware of a predatory lender and file a complaint against the lender with the office that regulates banks and mortgage brokers and lenders, perhaps even the attorney general in the state in which you are located.