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Tagged With "loans"

Tagged With "loans"

  • Debt Management
    What is the best strategy for paying off a mortgage early? How do you know how much extra you can put towards your home without losing out on investment opportunities? If the interest rate on the mortgage is fairly low then is there even an advantage to paying the loan off early?
  • Debt Management
    Federal student loan payments aren't mandatory until January of 2021, so would it be better to refinance loans then, or is now the best time, because interest rates are so low? Any thoughts???
  • Debt Management
    Hi! I'm a recent undergraduate college grad, and I want to go to medical school. I graduated in May 2019 with $65k debt and as of today it stands at ~$22k. I should be able to pay off the rest before April (Thankfully) My complication with medical school is this: I have DACA, which exposes me to deportation, especially if the new supreme court reverses the decision made earlier this year to protect the program. If that happens then whoever cosigns my med school student loans (my family) will...
  • Topic Reply
    Sorry to hear there is so much uncertainty for you! I hope everything works out. Things to look out for when selecting a 529 plan are the tax benefits, types of investments, and associated fees. Every State in the US have their own 529 plans and the rules can vary with each State. One of the biggest benefits to the 529 plan is that the money can grow and be used tax-free on the federal level but of course there are some exceptions on the state level. Not all states offer a state income tax...
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    Thank you Landon! I appreciate your advice, and I looked into the state income tax implications for my own state and found no benefits in sight hahahaha, yeah it might be better to just throw whatever I would've contributed into a savings account and collect the 1-2% interest. Also you'd be surprised, from what i can see, and have heard, Med school is more about sustaining an uncommonly high work ethic over a period of decades than it is about being smart.
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    Hi Nathan, What I’m doing right now is taking advantage of being able to pay down my principle balance with 0 interest. I think it’s unlikely that interest would go up significantly, if at all, when the federal loan forbearance ends at the start of next year. I plan on refinancing then.
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    ❤️
    Hi @Landon Martin , Just one strategy that comes to mind for me is refinancing. One advantage to this is if you have certain factors in place like a high credit score and equity in your home, you can refinance your mortgage for a lower rate, which will drastically reduce your payments per month. You can then take advantage of these lower payments by making two bi-weekly payments per month, which may help you pay off your mortgage twice as fast. We wrote a complete guide on this, which goes...
  • Topic Reply
    It's an interesting debate. Say if your mortgage rate is 2%, is it worth putting an extra $1000/mo when you could be putting that into an investment portfolio, which will *likely* yield greater than 2% over the course of 10 years? I have decided to NOT pay down the mortgage, but put these extra savings into investments with the goal of pulling out to pay off the mortgage in 5 years. I've decided this for two reasons: 1) Assuming the investments go up 5-10%, that's a few more thousand dollars...
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    Hello @RP I had the same thought process, but I took the other route of just paying off the home. I thought this would best fit my case to produce more ROI to buy another home and have a lower debt to income ratio. Also, this would open more doors for me to cash in on the full amount of $$ from this rental. Also, to not end up paying triple for the house after the 30 year. You can also do what @Nathan_Gregory mentioned and refi to lower interest, BUT still pay the full price that you were...
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    Thanks for this info. Once I also read some helpful information about mortgage on Clopton capital website. If anyone from you get more and more information about it then must visit their website.
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  • Topic Reply
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    Almost all of the homes in the area have the same problem so I am not sure that it is something that we could have avoided but it is something that is definitely worth taking note of. bathtub glazing
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    A campaign management system (CMS) is a software solution designed to handle the various components of a marketing campaign. gas leak testing
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    نظف الخزانات بعيدًا عن متناول اليد ، وتأكد من امتلاء الخزان ، ثم أضف الكمية المناسبة من المُبيض المنزلي بناءً على الكمية الموجودة في الخزان ، واخلط المُبيض بالماء قدر الإمكان ، ثم اترك الصنبور مغلقًا لمدة 12 ساعة ، فارغًا الخزان وإعادة ملئه بمياه الشرب ، تذكر أن المياه التي يتم توصيلها إلى الخزان صالحة للشرب ويتم الحصول عليها من مصدر موثوق ومعتمد. تقدم الشركة مجموعة متنوعة من خدمات عزل الخزانات ، باستخدام مواد عالية الجودة وأكثرها متانة ، وهي شركة خبيرة في عزل الخزانات. السعر أيضًا معقول...
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  • #SpendingDetox
    A Truck loan is a type of financing that helps you to purchase a commercial truck. The need for commercial vehicles is growing rapidly, and hence many people want to buy commercial vehicles. To make things easy, various leading loan providers offer the facility of commercial vehicles loans . In easy words, if you require cash to start and buy something, you can take money from banks or other organisations. The loan is generally offered to self-employed individuals, firms, trusts,...
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