Extra Mortgage Payments

    How Fast Can I Pay Off a 10 Year Loan If I Make Bi-Weekly & Extra Mortgage Payments?

    How Fast Can I Pay Off a 10 Year Loan If I Make Bi-Weekly & Extra Mortgage Payments?

    Paying off your mortgage early is not always the best financial move to make, cautions Liz Pulliam Weston of MSN Money: “Most people still have better things to do with ...

    Impact of an Extra Payment on a Mortgage

    Impact of an Extra Payment on a Mortgage

    It’s difficult to project what your situation will be 15, 20 or 30 years in the future, but that is exactly what you should do before signing on to a mortgage. The good news ...

    How to Make One Extra Mortgage Payment Per Year

    How to Make One Extra Mortgage Payment Per Year

    Your mortgage most likely represents one of the biggest purchases of your life -- and you'll be paying a lot of money in interest over the term of the loan. The more quickly you ...

    Making Extra Mortgage Payments

    Making Extra Mortgage Payments

    If you have a bit of extra money on hand, and want to use it to its best effect, making extra payments on your mortgage loan will shorten the length of your mortgage and decrease ...

    More Extra Mortgage Payments Picks

    How to Pay an Extra Mortgage Payment a Year

    Don't you just hate knowing that the real owner of your home is the bank? Work your way towards a debt-free lifestyle by paying off your mortgage early. This might sound like an ...

    When to Stop Paying Extra on a Mortgage?

    You may be used to hectic days where you rush from one place to the other, but there is one time you might want to slow down, and that’s paying down your mortgage. There is ...

    How to Shorten Your Mortgage

    First-time home buyers often bask in the glow of new home ownership without giving thought to the repayment schedule that usually lasts for 30 years. If you plan on early ...

    How to Calculate Extra Mortgage Payments

    An occasional lump sum principal payment or a more modest amount added to each month's regular payment can save you five- or six-figure money over the life of your mortgage. ...

    What Is an Accelerated Mortgage?

    With a payment term that often lasts for 30 years, it's natural to want to find ways to pay off your mortgage several years earlier. Unfortunately, this makes you easy prey ...

    How Soon Will My Mortgage Be Paid Off?

    Most mortgage terms are fairly clear. A 30-year mortgage will be paid off in 30 years and a 15-year mortgage will be paid off in 15 years. Some payment options, like an ...

    Can a Mortgage Be Paid Weekly?

    For many people, getting out of housing debt is a primary goal. You can make this happen in many ways, including refinancing at a lower rate, switching to a shorter-term mortgage ...

    Mortgage vs. Savings

    Having extra money seems like a good thing, but it can be tricky to manage. If you keep the cash where it is in a checking account, you're missing out on potential benefits ...

    How Does a Co-signer Affect Personal Loan Approval?

    The ease of borrowing money changes with the economy. Sometimes lenders have money to lend and are anxious to earn interest. On other occasions, you complete the paperwork and ...

    Are Elective Procedures Deductible?

    Elective procedures can balloon your medical expenses in any given year, especially if you find out they aren't covered by your insurance plan. However, Uncle Sam might be willing ...

    How Does Debt Affect Your Job?

    Carrying a lot of debt can wreak havoc on your personal life, and it can also have an impact on your work life. From limiting the kinds of jobs you can accept to influencing how ...

    How to Make Additional Payments on My Loan

    The sooner you can get out of debt, the better. Although loans for purchases such as homes and cars have a designated repayment period, accelerating the payoff can save you ...

    Does It Make Sense to Make a Yearly Extra Mortgage Payment if You Don't Intend to Keep the House?

    One long-term financial planning strategy is to make an extra mortgage payment each year to more quickly pay down the mortgage balance and increase your equity in the house. Over ...

    FHA Vs. Home Path for Closing Costs

    Federal Housing Administration, or FHA, home financing offers competitive interest rates and lower downpayments than traditional mortgages. The original "non-conforming" ...

    What Is Principal Curtailment?

    Most couples purchase their first home with the help of a mortgage, which is a loan secured by the value of your house. A mortgage typically lasts for either 15 or 30 years. ...

    How Much Should Be in My Escrow Account?

    The term "escrow" is one you will hear a lot when you are buying a home, and well after you've moved in. "Escrow" is an arcane-sounding term for a simple ...

    Refinancing Vs. Extra Payments

    Not only is a home is the biggest purchase most of us ever make, the interest on the mortgage alone typically adds up to more than we'll spend on anything else. Refinancing cuts ...

    Risks of Bank Loans

    A bank loan can provide numerous benefits, but it is a risk to both you and the lender. The lender runs the risk of lending you the money but not getting fully repaid. And as for ...

    How to Make an Extra Mortgage Payment for a Tax Deduction

    Homeowners may be eligible for a deduction on their federal income taxes for the interest paid on their home mortgage. To qualify for the home mortgage interest deduction, you ...

    The Definition of an Underwater Mortgage

    An underwater mortgage has nothing to do with swimming and is certainly not at all like a trip to the beach. When your mortgage is underwater, it can spell serious financial ...

    What Would Cause Your Escrow to Be Negative?

    If you rely on your mortgage lender to pay your property tax and homeowners insurance bills each year, you have an escrow account, one that you fund each month with your mortgage ...

    What Is a Shortage in My Mortgage?

    When borrowers take out mortgage loans, some lenders require extra money that goes into an escrow account. Lenders use these dollars to make recurring payments for borrowers, such ...

    Rights to My Escrow Account Refund

    It's not much fun making your escrow payments each month. After all, these extra dollars do boost the size of your monthly mortgage payment. But at the end of the year, depending ...

    How Does the Mortgage Acceleration System Work?

    If you have a typical 30-year mortgage on your home, after five years of principal and interest payments, you will still owe approximately 97 percent of the original loan ...

    Is Temporary Housing Taxable?

    There are lots of times when life is in flux. Your house burns down, so you move into a hotel or an apartment until it's rebuilt. You're starting a new job in a new city soon, so ...

    Do I Have to Pay Federal Taxes on $3,000 of Self-Employment Income?

    If you're self-employed, either full-time or part-time, you don't have to earn much money to be obligated to file a tax return and pay quarterly estimated taxes. For 2013, the ...