Home mortgage?
I have a mortgage of $100, 000, and I want to pay it off super fast, so Ive been selling heaps of stuff on E. Bay, and putting the cash straight onto my home loan, what other ways can I generate cash?- In addition to putting lump sums as you have been doing, the best way is to increase your payments. Increase it annually and it will be paid before you know it. Good luck!
- This has worked for me: Start eating without meat because it is super expensive. Eat dishes made with dry beans, rice and lots of spices. Avoid spending money on fresh fruits and vegetables because they are expensive too; instead, take a one a day comprehensive vitamin and mineral tablet. Fill up on potatoes because they are the cheapest commodity out there. Drink tap water only. No more new clothes purchases - only used from a local thrift shop. Sell your car and take m transit. Then, you will not have to pay insurance, taxes, maintenance, fuel, etc. Leisure activities should all be of the free type: walking, going to the park, playing checkers, reading books from the library, etc. Terminate cable television - it is mind rot anyway. Terminate unread subscriptions. Tear up your credit cards. Get rid of your pets. Have your spouse and children start working at least part - time. Stop using air conditioning - thirty years ago only a few people used it. One shower every two days. No specialty beauty products. Turn your refrigerator off. You do not need it. Dry your laundry outside. No more concerts, sporting events, dining out, etc. Well, you get the idea. If you do these things, within ten years you will have am ed one million dollars or more. I guarantee it
- Keep plugging away. I have overpaid my mortgage just about every month since I got my loan 4 years ago. I am now paid down to what I normally would have been at year 16 of paying, so it's a good feeling! But I am still not even at half of the payment going toward principal, more is still going to interest every month. At some point the principal amount applied will be more than the interest, and that's when the payoff will come quickly. Keep going, even if your over payments are sporatic. You can see that the $100 you pay now that is applied all to principal might be worth $1200 over the life of your mortgage. Here is a cool site: dinkytown.net they have over 200 financial calculators including mortgage calculators. You can enter a single payment made or a series of payments made and see how it affects your mortgage over the life of the loan
- Be sure to avoid early mortgage termination fees, that is, if you pay all of your mortgage off before it 'supposed' to be over, you might face a fine, may be a couple of thousand dollars. Depending on your mortgage company. You could buy stuff off of ebay and other online auction sites they sell it for a higher price. Or you could be a real estate broker, that is, you sell homes, the certification is easy. Just you gotta find the right houses at the right times
Knowledge Base
Mortgage Loan?
when my fiance and i go for a mortgage loan will they look at both our incomes and credit score? and what are the determining factors for a loan officer to give you a loan?. if you are both going to be on the loan, then both incomes will count. (mortgage lenders)
How to know which mortgage lenders to stay away from?
i am buying a home and am comparison shopping among different mortgage lenders. the usual big names like countrywide, bank of america, citibank etc have higher rates than the lesser known / unheard of places. how can you know which ones are reputable and which ones to stay away from? (mortgage refinancing)
what the difference between prime lending rate and benchmark prime lending rate of banks in india ?
please help. economictimes. indiatimes.com / news / economy / indicators / india_inc_faces_interest_rate_jitters / articleshow / 3247227. cms domainb.com / finance / banks / 20080801_lending_rates.html webindia123.com / finance / bank / fix.htm thehindubusinessline.com / 2004 / 09 / 02 / stories / 2004090200251000.htm groups. google. co. in / group / gov. (mortgage lenders)
Knowledge Base: Mortgage
Mortgage Lenders?
even though i am making payments on time with my home mortgage. can lose my home if if my lender declares bankruptcy?. no. if your lender goes bankrupt, the bankruptcy trustee will appoint someone to manage the current accounts. you will be protected. good luck. no, what happens is all (home mortgage)
What caused the home mortgage rates to sky rocket, causing people being unable to pay their monthly mortgages?
the recession was caused by people being unable to pay back their home mortgages because the mortgage rates were too high? banks were not getting their money back from home owners, causing a credit crunch, thus they were unable to lend money to big businesses. big businesses then had to (home mortgage)
home mortgage?
help! my wife and i would like to buy a home and / or land. i know that we can afford a payment of $400 a month, and we do not need anything special. a $40, 000. 00 loan would be sufficent. - problem is: i have no clue how (benchmark lending)
How to apply for mortgage loan modification?
i have lost my job and am now working as a cashier at a grocery store. the problem is that my new salary is not enough to cover the mortgage. i am in a very tight situation so i am curious to know my options. i have heard that applying (home mortgage)
mortgage loan?
is it possible to get mortgage loan with collections on your credit report 17 in all 8 paid in full, 3 reported more than once by different collection agencys which i disputed on / in 1 - 07. the other 9 are medical bills from 2 from 2002 2 from (benchmark lending)
Knowledge Base: Home Mortgage
What are the key factors in obtaining a home mortgage loan?
my credit is not bad or fair. it's good, just below excellent. how good does your credit have to be and what other factors are key to successfully obtaining a home mortgage loan?. well getting pre - approved is the action you need to take. you need to go into (home mortgage)
Why is home mortgage loan considered a tax benefit ?
i am planning to buy a home and wanted to know why everyone thinks that home mortgage loan is tax beneficial. example: - if we are paying around $15, 000 a year in interest property taxes and in tax refund 15% tax bracket we get back around $2k - 3k (home mortgage)
What caused the home mortgage rates to sky rocket, causing people being unable to pay their monthly mortgages?
the recession was caused by people being unable to pay back their home mortgages because the mortgage rates were too high? banks were not getting their money back from home owners, causing a credit crunch, thus they were unable to lend money to big businesses. big businesses then had to (home mortgage)
Home mortgage?
i have a mortgage of $100, 000, and i want to pay it off super fast, so ive been selling heaps of stuff on e. bay, and putting the cash straight onto my home loan, what other ways can i generate cash?. be sure to avoid early mortgage termination fees, (home mortgage)
home mortgage?
help! my wife and i would like to buy a home and / or land. i know that we can afford a payment of $400 a month, and we do not need anything special. a $40, 000. 00 loan would be sufficent. - problem is: i have no clue how (home mortgage)
