When you finish paying off your house, you become the full owner of the property and no longer owe any money to the lender. This means you have complete ownership and can live in the house without any mortgage payments.
Making less then 100K a year, mortgage can be paid off by age 32...
Nothing happens when you pay of an equity line of credit. The equity that you used for your line of credit is now safe.
yes.
You own it and no longer need to pay a mortgage. You get the deed to the house and are free to do whatever you want to.
Yes, the snowball method can be an effective strategy for paying off debt. This method involves paying off debts from smallest to largest, which can provide a sense of accomplishment and motivation to continue paying off debt.
then i think you start paying off either his family or his estate.
It means when you finish paying off your house it will be worth less than what you bought it for.
You have to keep paying your morgage until you have the best house, (the house with the main room, 3 side rooms and an upstairs room), then once you pay off the morgage after you upgrade to the best house, you will finish and will not have to pay an more payments to Tom Nook. If that helped.
Paying off a house is cheaper. You already have interest on your mortgage, why take a loan and increase your interest? Aim to pay off your house unless you are looking to buy a new one. Get a job tubby.
keep the title until they finish paying it off.
When you finish it it just lets you live normally which is the same just no mortage to pay off
The pros of paying off debt on your house is that it will be paid for and you will not have to worry about the monthly payments and you can use that money to pay for other things. The cons of paying off your home debt is that you can't write that amount off on your taxes. If you are paying interest a lot of that is tax deductible come tax season.
Making less then 100K a year, mortgage can be paid off by age 32...
I would hope so, or everyone would be ripping them off.
You can still have it ,but you will be paying heavily for it and have no resale value for it.
Yes, by paying off the debt.Yes, by paying off the debt.Yes, by paying off the debt.Yes, by paying off the debt.
Only by paying off the loan.Only by paying off the loan.Only by paying off the loan.Only by paying off the loan.