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What Is Taxable After I Sold the House and Paid Off the Mortgage?
When you sell your house, Uncle Sam may be entitled to some of the money. What you use the proceeds for, such as paying off your current mortgage, doesn't matter to the Internal Revenue Service. Even...
View ArticleHow to Pay the Mortgage Off Faster
If you're like most people, the mortgage is the biggest bill you have, and it seems like you'll never pay it in full. The mortgage payment doesn't have to take the full 20 or 30 years you selected,...
View ArticleShould You Pay Off Your Mortgage or Invest the Money?
When you're in your 20s or early 30s, paying on a mortgage loan for the next 30 years can seem almost as bad as a lengthy prison term. One way to "shorten your sentence" is to pay a little extra toward...
View ArticleHow to Calculate an Early Mortgage Pay Off
If you have monthly mortgage amortizations, you'll greatly benefit from paying off your mortgage ahead of time. The escalating costs of living, weakening and slackening state of the economy, and the...
View ArticleHow do I Pay Off a 30 Year Mortgage Early?
Even though the terms on your mortgage say 30 years, that doesn't always mean you have to make payments for 360 straight months. You can take steps to pay off your 30-year mortgage earlier than normal....
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What Is the Purpose of a Second Mortgage?
You can use a second mortgage to finance any legal activity, although many people use these loans to fund home repairs and maintenance. If you have an existing mortgage, you may consider refinancing...
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How to Cut Your Mortgage by Ten Years
Buying a house is one of the largest purchases you will make in life and your first focus will probably be on getting the best deal possible. Once you own the house, however, you may stop to think...
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How to Pay Off a 30 Year Mortgage in 10 Years
If one of your long-term financial goals is to eliminate mortgage debt before you retire, paying off a 30-year mortgage in just 10 years is a possibility if you plan for it well enough in advance....
View ArticleHow to Pay a Mortgage Off Early
After realizing the dream of owning their own home, many people shift focus to getting rid of their mortgage as quickly as possible. Surely this becomes a consideration for most homeowners at some...
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How do I Pay Off a Mortgage in Less Than 30 Years?
While owning your own home can be very rewarding, the thought of 30 years of mortgage payments is daunting to say the least. If you have extra cash now, you might want to put it toward paying off that...
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How to Use a Life Insurance Cash Balance to Pay Off a Mortgage
If you're ever trapped in a room full of insurance agents, ask them innocently whether you should buy term or permanent insurance. You can make a clean getaway while they're arguing. They'll have...
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How to Pay Off a Mortgage in Ten Years
For years, many aggressive investors have advised maintaining mortgage debt and dedicating your extra cash to investments that have a potentially higher return than merely saving interest on your...
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How do I Pay Off a Mortgage Quickly?
The elation of signing loan documents at your home closing might turn to a cold sweaty panic when you peek at your loan documents and realize just how much you will pay over the life of your home loan....
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What Is a Mortgage Lien?
A mortgage lien is a a form of conditional ownership of your property claimed by your home loan provider. Since your lender has a claim on your home, you need to keep up with your payment obligations...
View ArticleCan You Refinance if You're Newly Married?
Deciding whether to refinance a mortgage shortly after a marriage depends on your goals. If it's simply to get your spouse on the title, there are easier ways. But if you have a monetary reason – lower...
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Can a House With a Mortgage Be Sold With Owner Financing?
Seller financing offers many benefits for both the buyer and the seller. In many cases, a buyer can purchase a home without a stringent qualification process, and the seller may negotiate a higher down...
View ArticleHow to Pay Off a Mortgage Before the Transfer of a Deed to a Beneficiary
When it comes to transferring real property, nothing is more important than clear title. An encumbered title can slow the transfer — and even result in the denial of — title insurance. Debt is recorded...
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Does It Make Sense to Not Pay Off a Mortgage Due to Tax Deductions?
Choosing not to pay off your mortgage due to tax deductions makes little sense on its own merits, but when you consider other options to invest your money, it might make more sense. Some people can...
View ArticleCan I Refinance My Primary & Secondary Loans at One Time?
If you tapped your home equity to borrow money for a new car or to remodel your kitchen, you now have two monthly mortgage payments to contend with. If interest rates drop, you can refinance both your...
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The Seller's Rights in a Land Contract Mortgage
A land contract is an agreement between the seller and the buyer for the purchase of real estate. A land contract involves financing through the seller, instead of financing through a mortgage company...
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