Is it a good idea to pay off your house? Experts have different opinions, but not paying off your house because you want the tax deduction doesn’t really make sense. Here’s why: Your tax deduction only gets rid of approximately 1/3 of your interest payments per year. You are really not saving any money by [...]
Entries Tagged as 'mortgage payment'
How to Pay Off Your Mortgage Early
June 10th, 2011 · 1 Comment · Mortgages
Tags: 15 year loan·30 year loan·bi-monthly·bi-weekly·house payment·Investment·Mortgage·mortgage payment·tax deduction
Contemplating Foreclosure? Keep Your Creditors in the Dark
January 21st, 2010 · No Comments · Mortgages
When you owe more money on your home than it is worth, when your earnings are reduced, and when consistently making your home payments becomes an impossibility for the foreseeable future, you need to start saving for the eventuality of foreclosure. While we don’t think anyone should avoid their responsibilities, a foreclosure is all but [...]
Tags: eviction·foreclosure·homes·housing·lender·Making Homes Affordable Program·mortgage payment·Mortgages·restructure
