Skip to main content
LadyB612000
Contributor ⭐
April 8, 2016

If my Mortgage was paid for a year?

  • April 8, 2016
  • 38 replies
  • 21688 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

    I'd take full advantage of it by using it to pay home off early,now,how do I get my mortgage paid for a year?

    Contributor ⭐
    October 11, 2018

    IF MY MORTGAGE WAS PAID FOR A YEAR I WOULD HAVE MY FRENCH DRAINS REPAIRED,APPLY MORE MONEY TO THE CHARITIES THAT I SUPPORT DURING THE YEAR AND TAKE A SHORT VACATION WITH MY WIFE TO VISIT OUR FAMILIES.

     

     

    Contributor ⭐
    October 9, 2018

    I also would make sure that the Principal was paid, along with the interest, the taxes, the homeowners insurance and the escrow was added to.   Than I would take the money, see what it added up to & hope it paid our $50,000.00 charge card debts.  Being seniors, (disabled at that) living on a fixed income it’s hard paying them off, or even paying more than the minimum amounts.   If that was possible than I would take me & my husband (who has been suffering with cancer for 12 years) on a mini vacation!

    Contributor ⭐
    October 9, 2018

    I wouldn't feel the trepidation of my husband retiring this year.  It would give us more of a chance to pay off a couple debts that are holding us back.

    Contributor ⭐
    October 9, 2018
    Long story short...he NEEDS to retire.
    Olif
    Contributor ⭐⭐
    October 9, 2018

    I would make sure that Tony Salatan does NOT gain access to the place, as document are currently being filed to provide this matter!

     

    Contributor ⭐
    October 9, 2018

    This is a good question becuase I just paid off my house last year. 

    Contributor ⭐
    October 9, 2018

    If my toal mortgage payment was paid for a year I would pay down my charge cards but I would also be on a cruise ship every other month or so because I want to travel as long as I am healthy and able. I'm over seventy and so many of my friends are developing disabilities...

    Contributor ⭐
    October 9, 2018

    I would payoff my higher interest credit card bills and then invest some of the funds in my retirement accounts like my ROTH IRA.  The opportuity to reduce my debt would be a great asset that would benefit me for years to come.

    sandthiggins
    Contributor ⭐
    October 9, 2018

    I would pay off my debts and have my left knee replaced.

     

    This would give me peace of mind and improve  my walking so I can get around more easily.t

     

    Contributor ⭐
    October 9, 2018

    I'd use what I saved to pay off as much more of the mortgage as possible.

    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