Tag Archives: Mortgage

The Benefits of a Mortgage Sinking Fund

My family’s only remaining debt is our home mortgage, and one of our top two or three financial goals is to pay off our mortgage early. For the last couple years we have been throwing some extra payments against the mortgage off an on, without much regularity. We have enough money in savings to make a large dent on the …

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How Fast Can I Pay Off My Mortgage

how fast can I pay off my mortgage

There comes a time when most homeowners ask themselves, “how fast can I pay off my mortgage?” ┬áTechnically, we can pay it off early, but should we? Now, I don’t have enough cash sitting in savings to pay it off with one fell swoop, but we could make a sizable dent and finish it off in the next five years …

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Mortgage Escrow Account Rules Every Home Owners Should Know

mortgage escrow account rules

If you are in the market for a home loan or a mortgage, it is important to understand mortgage escrow account rules. Many lending institutions require their borrowers to maintain escrows on mortgages, and even those who don’t require it often encourage it. This is because a mortgage escrow reduces the company’s chance of losing their investment in your home …

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