Mar 022011
I am looking at a house that says title eliminated.Can anyone tell me what this means? My agent hasn’t answered my questions. I live in Washington. Is this home worth considering?
I want to lower the mortgage payment. I wander if it will be possible to do it by buying one or two points down.
I heard its good to pay a mortgage every month because of the tax benefits, Would this be a smart move. Put a down payment just enough to buy a house, Pay the mortgage and bills every month, and with the rest of the income invest in large cap stocks that pays dividends.
I dont want other people to manage my stocks and other investments, I want to open up a regular brokerage account, pay the commissions, this way i can sell if i really need too.
you have to have a good credit score for that.. or luck on ur side..
It would be possible but highly unusual for an existing mortgage to be “redrawn” to a lower payment by paying points. The lenders only offer that on brand new mortgages.
If you were to send in a big check to the mortgage company today, it would not lower the payments, only shorten the loan. That is not what you want..
If you can afford to pay for the house in cash, you need the services of a fee-for-service financial planner/advisor.
If you have enough cash sitting around to buy a house you would already know the answer to this question.
Of course not! Are you gauranteed a return on that money?
True, you get tax benefits, but let’s assume you are in the 28% tax bracket. Would it make sense to pay $ 10,000 in interest this year so that you can write off $ 2,800? Of course not.