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Re: If my Mortgage was paid for a year?

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Message 31 of 38

I would either continue paying the amount I pay now that is already budgeted toward mortgage principal or I would invest 1/2 that amount in my husbands 401K plan and 1/2 the amount in my 401K.

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Re: If my Mortgage was paid for a year?

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Message 32 of 38

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.

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Re: If my Mortgage was paid for a year?

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Message 33 of 38

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

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Re: If my Mortgage was paid for a year?

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Message 34 of 38

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

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Re: If my Mortgage was paid for a year?

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Message 35 of 38

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
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Re: If my Mortgage was paid for a year?

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Message 36 of 38

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?

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Re: If my Mortgage was paid for a year?

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Message 37 of 38

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.

 

 

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Re: If my Mortgage was paid for a year?

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Message 38 of 38

Would this payment a onetime lump to principle or on a monthly basis for one year? One would still have to pay Interst and taxes .but with the money saved On mortgaged payments

I would save some for the following year payments and take a mini weekend vacation😎

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