I have owned it for 10 yrs and already pd $50,000 and still owe for 20 more. It’s a mobile home and the total purchase price was only $43,000. Total payoff as of now would still be $43,000. Doesn’t make a lick of sense to me. When you got your mortgage, you should have received [...]

2 more years until principal is due. We do have option to refinance at same interest.(5.75) I have the money to pay it invested, earning appx $25,000 per year. Just don’t know how to think this through as far as what is the best thing to do. I also have a lot for sale that [...]

My credit score has been impacted by a tax lien although I’m paying off the tax liability with an installment agreement. I would like to purchase a home and try to get a piggyback loan to payoff the tax liability. If possibile, how can this be done? What you do is get the tax lien [...]

As the question stated plus at a lower price since the houses are not moving here. There is no way I’m investing in this house only to lose my money in a sale. The problem is that there are non-profits building houses with mishda funding around here.How can I compete with a brand new house [...]

I have about 20k remaining on my truck, (7.9%) interrest. I am planning to purchase a home within one year. There is no way i could pay off the truck by then. And I have heard that sometimes a bank will payoff the autoloan, when financing a home mortgage. Thanks, adam Thanks for the information. [...]

My house is on the market and has been for 3 months. We finally got an offer and have been countering back and forth. Finally, they are within $5k of our asking price. However, we priced our house to sell and we feel that this is as far as our buyers are willing to go [...]

This is where your home loan, checking and savings are combined into one account. You deposit all your money against your mortgage balance thus reducing the balance and then pay all your bills from your mortgage account increasing the balance. This accelerates the payoff and reduces interest by keeping the mortgage balance as low as [...]

I’ve lived in a co-op for over 20 years. Recently, the HUD loan was paid off for this property. Now, we have converted to market rate condos, and we can sell our unit for whatever the market will bear. I could really use a loan for paying down debt I’ve aquired over the years, and [...]

I used to run my own small business from home but I now have a regular full time job. I plan on buying a home in the next 2 years & I’m wondering how hard I should work to pay down the debt from a small business I used to run (I haven’t filled out [...]

from mortgage company You can call the 800 number on your mortgage statement. Most lenders can give you that information through their automated system. If they will not release that info you may have to order a payoff with their customer service department. One more thing, always ask for a 10 day payoff. Remember the [...]