7 Easy Ways to Pay Off Your Mortgage Early daveramsey.com
“..You can join the ranks of debt-free homeowners and make your last mortgage payment sooner rather than later with these seven easy ways to pay off your mortgage early!..
The only type of debt Dave won’t yell at you about is a 15-year fixed-rate mortgage with a payment that’s no more than 25% of your take-home pay. You’ll pay much more in interest on a 30-year mortgage—and, besides, who wants to be in debt for 30 years?
You can refinance a longer-term mortgage into a 15-year loan. Or, if you already have a low interest rate, save on the closing costs of a refinance and simply pay on your 30-year mortgage like it’s a 15-year mortgage. The same goes for a 15-year mortgage. If you can swing it, why not increase your payments to pay it off in 10 years?..”
Pay Off Mortgage Early or Invest? #AskTheMoneyGuy
Should I Pay Off My House Mortgage or Invest the Extra Money?
Should You Pay Off Your Mortgage Before Retirement or Invest? An Expert Weighs In!
Sixty and Me
Published on Aug 8, 2017
There are so many financial decisions to make in the years before retirement.
One of the most important of these questions is whether to focus on paying off your mortgage or investing more in bonds, stocks and other investments.
If you are thinking about paying off your mortgage… or you just want to get more from your money in retirement, this interview is for you!
Fortunately, financial ex…
How to pay off a 30 year home mortgage in 5-7 years
*don’t let your money sit on savings in low interest growth, don’t get on the “cycle” after refinancing and go back, get aggressive!
How to Pay Off your Mortgage in 5-7 Years (Real Estate Investing)
Can paying off your mortgage hurt your credit score? By Brady Porche | Published: February 27, 2017 creditcards.com
“..In most cases, paying off your mortgage does not help or hurt your credit score in any significant way. It could have a small negative impact if the mortgage was your only installment loan, according to the credit reporting agency Equifax’s website. After all, “credit mix” accounts for 10 percent of FICO’s traditional credit scoring model. But if you never missed a payment over the life of the loan, that could offset any points lost due to the loan falling off your credit report…
If you retain a good score or gain points after paying off your mortgage, chances are you have other trade lines with long, unblemished payment histories. Payment history and length of credit history account for 35 percent and 15 percent of your FICO score, respectively. What’s more, if you never missed a payment on your closed mortgage, that positive information will remain on your credit report for up to 10 years….”
Pay Off Mortgage Or Keep Cash? – YouTube