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If you are getting 100K from a divorce settlement should you pay off your mortgage or invest the money?
Wiki User
∙ 12y ago
Well that depends on your mortgage payment and what you're doing for a living, if you have enough money to keep paying your mortgage without using the money then continue with your path, but if you need the money to pay off your mortgage then do it but you never want to completely pay off your mortgage because of the taxes will destroy you. My blind suggestion is to WISELY invest the money on either a great idea (and not all of it) or something solid because $100,000 dollars isn't much but can be worked with, also speak to a financial adviser but think for yourself
P.S. I'm a big fan of commercial real estate or 6 family homes for example
Wiki User
∙ 12y ago
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Do I pay off my mortgage buy more gold or invest in more stock?
Pay off your mortgage.
Do you have to mortgage your house?
No you don't have to mortgage your house, however if you do mortgage it, you could invest the available cash into a Money Market Mutual fund and cut you monthly payments to almost nothing, or actually make a profit.
Is it better to invest in a Roth IRA or pay extra on your mortgage principal?
Invest in a RothIRA!! Very soon we will no longer have Social Security and you will need all the retirement savings you can get!
How much does it cost to purchase mortgage investment?
Obviously the cost of a mortgage investment depends on the amount of money one is able to invest and the type of a house one want to use the mortage for. It is also important to consider the interest rates before investing in a mortgage.
What is usually an advantage of homeownership?
Firstly you are building up equity (value) as the home price values rise and you begin to pay down the mortgage. Eventually, after the mortgage is paid off, you own the home lock stock and barrel and when you sell the new buyer will have to cash you out 100%, and you can take those funds and invest in another home of higher value.
Do I pay off my mortgage buy more gold or invest in more stock?
Pay off your mortgage.
Is Natwest Mortgage a reliable company to invest in?
"Yes, Natwest Mortgage is a well known and respected UK firm. Anytime you invest your money, you are running a certain amount of risk, but Natwest Mortgage is one of Bytestart's banking partners, and enjoys a long-standing reputation"
What does the feral national mortgage association do?
The Federal National Mortgage association expand the secondary mortgage market and make mortgages secure. The allow lenders to invest their assets into more lending ventures.
If I want to invest in homes, what would the mortgage financing be?
You can use an online mortgage finaciing site that will calculate what you mortgage payment, closing costs and initial insurance costs would be for the home that you are looking at.
Do you have to mortgage your house?
No you don't have to mortgage your house, however if you do mortgage it, you could invest the available cash into a Money Market Mutual fund and cut you monthly payments to almost nothing, or actually make a profit.
How do you invest after bankruptcy?
by getting a job!!!!
Is it better to invest in a Roth IRA or pay extra on your mortgage principal?
Invest in a RothIRA!! Very soon we will no longer have Social Security and you will need all the retirement savings you can get!
How much does it cost to purchase mortgage investment?
Obviously the cost of a mortgage investment depends on the amount of money one is able to invest and the type of a house one want to use the mortage for. It is also important to consider the interest rates before investing in a mortgage.
What are some good investment options for settlement cash?
Investments one should make with settlement cash is truly a personal choice on what may interest you. One could invest in CD's, stocks and bonds if you want.
Where can you invest your settlement to avoid taxes now?
No where. The taxable amount of the settlement that you have received during the year will be reported on your 1040 income tax return and added to all of your other gross income and taxed at your marginal tax rates.
You would like to invest one eighth percent of your trust deed to your mortgage in lieu not to stop the foreclose and the lender has a sale date to sell your property?
12.5%
Is there any way to get a mortgage if you went through foreclosure and have a FICO score below 500 but have 50000 capital to invest?
If you just went through a foreclosure I know of no one that will give you a mortgage for a number of years. I tell people to sell the home before it goes to auction.
