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LadyB612000
Contributor ⭐
April 8, 2016

If my Mortgage was paid for a year?

  • April 8, 2016
  • 38 replies
  • 21689 views
I would first make sure that when you say "Mortgage paid for a year", that it is the Principal that is paid for a year. Then I would put some of the money towards the Interest of the Mortgage and then I would pay off my high interest rate credit cards and cut them up. But with whatever is left I would stock my freezer with meat and my cabinets with canned goods.

    38 replies

    Contributor ⭐
    October 9, 2018

    10 % of my savings would go to my tithes and the rest would still go towards my mortgage

    The faster I pay it off the better off everything will be

     

    Contributor ⭐
    October 9, 2018

    If my mortgage was paid for a year, I'd pay my daughter's divorce lawyer so that my granddaughter could be safe.

    Nuff said.

    Contributor ⭐
    October 10, 2018

    Give thanks to God almighty and but me a much needed car fix my leaking ceiling from my air conditioning unit 

    Contributor ⭐
    October 10, 2018

    I would Thank God! Then I would use half to pay off debt and half to save and at the end of the year I would sell the house and rent a small apartment!

     

     

    Contributor ⭐
    October 10, 2018

    Our mortage has been paid off for seven years and what a relief.  I am of the belief that if you stay the course, do not buy a more house than you need that this is doable.  We are retired and owning what we live in is so gratifying.  I am debt adverse and paying this off was a long lived goal.  Each month we threw more money at the mortage, remodeled the house twice, resided and rewindowed and still got it paid off before retirement.

    Contributor ⭐
    October 10, 2018

    First of all, a contract showing proof 12 payments will be made to my mortgage company is the beginning. Next up is taking 6 months off ( I sell seasonal products) to relax in some warm climate without any worry. The other 6 months would be back on job and saving a huge amount of money. This is a win, win for myself and my family.

    Contributor ⭐
    October 10, 2018

    I am a veteran, I would enjoy my good fortune and share half of it with a veteran in need.

    2Papa
    Contributor ⭐⭐
    October 11, 2018

    Peopleour age should not have mortgages.  Mine was paid off years ago.  It sure helps the bottom line.  PLAN, folks!

    Contributor ⭐
    October 11, 2018

    I would pay off charge card and home improvement loan, what was left I would but into a savings to have when the payment start back up. Thank you for the dreams

     

    Vernon Freeck
    Contributor ⭐
    October 11, 2018

    First, I would use the extra money to pay off all my other accounts.  If there was any left, I would put it away into a savings account for future needs.  My husband and I live off of our Social Security and at the moment, we are extremely stretched for money as we have been helping our son and grandson.  I know - they are adults and should not have to need help; however, how does a mother say "no" when their child is going through hard times through no fault of their own?