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Hi, Bogleheads:
It seems like I’ve been saving for that far off dream of retirement forever ( actually I opened our first IRAs in 1983). Suddenly at age 59 I now realize that the finish line is in sight. I’m thinking that it might be nice to be mortgage...
Started by jnsolberg on
, 15 posts
by 10 people.
Answer Snippets (Read the full thread at morningstar):
Cheers,
JubeeTex jnsolberg: I currently owe @ 111,000 on our 15-year mortgage which we refinanced in August 2011 @ 4.14%
With our current payment we will pay off the mortgage part of my tax refund each....
To pay off the house.
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Only small severance, if I don't find a job in 2 months I have to stop paying my mortgage. Anyone in a similar situation?? Any ideas to avoid foreclosure? Other then paying mortgage-I already said I can't after 2 months.
Answer Snippets (Read the full thread at cafepharma):
We bought a small....
Anyone in a similar situation?? Any ideas to avoid foreclosure? Other then paying mortgage-I already said I can't after, ect.
Severance, if I don't find a job in 2 months I have to stop paying my mortgage.
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Here's my conundrum
I've just received a £5K windfall. I have £14,200 left to pay on my mortgage and I'm on a SVR of 4.49%. I have an ISA which pays 3% per annum. Where should I put the £5K? The ISA will give me £150 (tax free) per annum. Is it too simplistic...
Started by TimmyLee73 on
, 15 posts
by 7 people.
Answer Snippets (Read the full thread at moneysavingexpert):
You can then pay before the end of the....
Your annual saving will be the difference between the two rates if you pay off the mortgage i.e a couple of months/years off the mortgage term leaving you mortgage free earlier.
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We have a 3.25% 15-year-fixed mortgage that we were going to start aggressively paying down soon.... only now I'm thinking that i-bonds might be a better investment.
We'll have about $20k/year above retirement savings to either save or pay debt with.
...
Started by bungalow10 on
, 16 posts
by 11 people.
Answer Snippets (Read the full thread at bogleheads):
The home mortgage....
This "should I pay off the mortgage or should I invest?" question has come up numerous times here.
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Just wondering. I have a friend that is planning to move out of his house and give it to his Son and the Son will pay what's left on the mortgage which is probably equal to the house value with the current depressed market. So the son gets the house for...
Started by bayl778 on
, 11 posts
by 10 people.
Answer Snippets (Read the full thread at gunbroker):
The Deed will have to be changed over at the Courthouse, and before that can... .
If he wants to just pay the mortgage, not assume it -- and truly wants the houseUh no...the Son will most likely have to get his own Mortgage.
To step in.
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My brother in law has received redundancy payment and been fortunate enough to find another job. He would like to pay off his mortgage but would like some advise on whether it would be better to invest. The mortgage is for £138,000.00 at a 4.1 interest...
Started by carol7 on
, 13 posts
by 10 people.
Answer Snippets (Read the full thread at moneysavingexpert):
No debts, pay off the mortgage, but dont cut the monthly payment.....
Pay off the mortgage, starting with watever has the highest rate.
Only invest what you can afford to lose.
Paying off the mortgage makes sense.
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Paying off Personal Mortgage or Investing through Professional Corporation? Hello,
I have a question that has been debated through a variety of sources without any good answer. My accountant was of no help (and we are changing ours this year) and a CFP...
Started by danomed on
, 11 posts
by 7 people.
Answer Snippets (Read the full thread at redflagdeals):
Keep in mind you are taxed 46 (148000 x 0.155 corporate... .
Say you can then pay your mortgage off in 5 years instead of 12 years.
You use these excess funds and pay off your mortgage with your lump sum option.
Say $80k excess).
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Attempting to become debt free and am currently working on paying off student loan debt. Currently have a 30 year fixed rate mortgage and can refinance for a 15 year fixed rate, which will increase my monthly mortgage payments by 19%.
Trying to decide...
Started by brandnewhawk on
, 30 posts
by 19 people.
Answer Snippets (Read the full thread at rivals):
Mortgage rates will be low until at least 2014, can you pay the student loan off the larger debt....
Mortgage rates will be low until at least 2014, can you pay the student loan off before then?
I am sure onto the larger debt.
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For a bit of background, we are a mature couple with a young son aged 11
Our last mortgage has another 12 years to run and so doesn't end until I am 66
we owe about 72k
42K is endowment and the only remaining policy for this is maturing in May 2013 but...
Started by traceyeric on
, 13 posts
by 8 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Interest fluctuates of interest....
What rate of interest are you paying on the mortgage? Regardless of the rate of interest, its wisest to pay the mortgage off.
Pay that mortgage off.
You never had, have never seen.
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My wife and I are retiring in two years. In preparation, we are currently in the process of purchasing our retirement (post-kids/post-work) home. We are most likely going to spend about 9% of our gross assets on the house, up from 4% currently (investable...
Started by Culture on
, 12 posts
by 10 people.
Answer Snippets (Read the full thread at bogleheads):
What our large down payment....
We couldn't afford the entire price of the house.
On which someone has carved "Take out a mortgage." I'd pay cash, it is much harder to get for paying a maximum amount down, to minimize the mortgage.
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