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Entries tagged with 'mortgage'Pay Off Home MortgageMy husband and I are both 56. The balance on our home is 65,000.00 @ 6.25% and will pay off when we turn 62. We have pension, 401K, company stock, stock options and mutual funds that are still in good... Should We Pay Off Our Mortgage 27 Years Early?Question: We have 27 years left on a 30 year mortgage, should we pay it off or invest the money? Jeff Click below for answer... Should I Pay Off My Mortgage With My Inheritance?Question: I don't know if this falls into the category of a "simple" question as described in your recent column "Get advice on finances year-round". Recently received inheritance - thinking paying off mortgage might be best way to "invest" the... Is Now a Good Time to Refinance a Mortgage?Question: Is now a good time to refinance our mortgage to a 15 year fixed rate? We currently have a home equity line of credit with an adjustable 4.25% interest rate and balance of $90,000. The loan term has about... Refinance or Let It Balloon?Question: Would most appreciate your opinion on whether to refinance now or take my chances and let my mortgage rate balloon in October. I refinanced my condo with a 5-year 5% rate 5 years ago which saved me about $100... If I Have An Adjustable Rate Mortgage (ARM), Should I Refinance?Because the government is printing money around the clock, we believe long term interest rates will be forced higher. How high? That will be hard to know exactly, but I think a fair estimate is to see the 10 year bond trade with interest rates between 4 and 8 percent (typically mortgages will be about 1.5% -2% higher than that). There is a lower possibility of much higher rates caused from hyper inflation caused probably as a result of the international community refusing to buy our bonds or using another asset as the world reserve currency. Extra Mortgage PaymentQuestion: We have called 2 banks and they are not able to give us an answer (Chase and USAA Federal Savings Bank)). So here we go!. Our monthly mortgage payment including taxes and interest is $1,900 per month. We include... Refinance mortgage or pay down the credit card?The below answer is posted on behalf of Bill Perryman, CPA, CFP® Question: I have nearly 20,000 in total loan and credit card debt. My question is should I refinance my mortgage loan with cash-out to pay off this debt????... Should I Pay Off My Mortgage?I am recently widowed, 58years old and retired American Airlines flight attendant. I would like to pay off my house. My financial consultant is ok with it but will leave me 100,000.00 less cash. The advise is from others is... Should I Refinance?I am wondering if I should refinance my mortgage? I have a $333,000 mortgage, with a home improvement loan of $38,500, for a total of $371,500. Both loans are at 6% fixed. The first loan has 22 years left on... UPDATE- Town Hall Meeting CANCELLEDCANCELLED DUE TO WEATHER: The Financial Planning Association and SMU COX School of Business Town Hall meeting scheduled today has been cancelled. Please visit the FPA Website for an update on the rescheduled meeting. Thank you.... Use 401(k) to pay mortgage?Question: Should I cash out my 401K to make my monthly mortgage payment? My husband and I are both unemployed and our house is worth half of what we bought it for 3 years ago. Should we walk away from... Which debt to pay first?Question: Hi, Our situation is this. We have a lot of credit card debt. Our interest rates are supposed to be fixed until paid off. One is 6.99 and another is 5.99. We have a car payment that is 0%... Invest or payoff mortgage?Question: Your answer to the letter titled "Home or Investment" got my attention. It said, in part, "with the market so depressed, the odds are in your favor that future market gains will be greater than the rate on your... Sell Mutual Funds and Payoff Mortgage?I am 66 years young, retired,a widow and just moved to Texas 17 months ago to be near my grandchildren. I have two pensions and social security. Like everyone else in the stock market, my funds are dwindling. The mortgage on... Should I refinance my mortgage?Question: In 2000, I purchased my home with a 5 year ARM.....in 2003, I did an interest rate modification which gave me a rate of 4.125% which is good thru 6/1/09...my current balance is $ 123,000.00. What recommendations do you... Should I continue investing or pay off my mortgage?Question: I am 53 years old and retired from a federal law enforcement position approximately 2 years ago. I have a pension where I net approximately $2700 per month. I also draw out under the IRS 72T rule approximately $1000... Payoff loans or keep it invested?Love your write ups. Thanks for sharing them all. I have some financial questions I would love some advice on please: I am a 34 yr single adult within a job transition. I was laid off in 2008, and had... Should savings go to 401(k) or mortgage?Question: My husband is 63 and I am 61. I have applied to take my Social Security beginning March 2009. I have worked off and on all our married life and it will be about $571. a month. My initial... Is lease-to-own home a good idea?Question: I would like to know if lease to own is a good idea for purchasing a home? Currently, I have a credit score around 700 and have been pre-approved for an FHA loan. The problem is I'm trying avoid... |