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Does 401K Debt Count?
"I have outstanding loans against my 401K retirement plan. Since I owe it to myself, does it count as debt service that is included in the total expense ratio, limiting the mortgage for which I can qualify?" You do owe it to yourself. On the other hand, if you leave or ... more...

Should I Purchase the House For All Cash?
March 6, 2000 "My wife and I are both in our late 20s and would like to buy a home for $250,000. We have $500,000 in available assets, including cash, stock, and bonds, as well as $100,000 in retirement assets. We have no debt. We can afford to pay cash for the home. Should ... more...

mortgage retirement related definitions

Mortgage Baked Securities, MBS
Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more...

Mortgage Note
Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more...

More about mortgage retirement

Get Free mortgage retirement Quotes and Estimates
Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Retire Debt FREE!
Retirement. We dream about it, whether it is five years or 15 years away. We fantasize about the day when we march into the bosss office and declare that we are retiring in one month and plan to take off to Bora Bora to unwind from decades of stress and office politics.Retirement can indeed be ... more...

Home Equity Loan - A Reverse Mortgage Could Provide a Comfortable Retirement!
While only comprising about 1% of all mortgages, the reverse mortgage has gained in popularity in recent years. Federally insured since the late 1980s, the reverse mortgage allows owners of paid-off homes to borrow against the equity in their homes in the form of a lump sum, a line of credit, or ... more...

Seniors Can Use a Reverse Mortgage to Fund Annuities, Investments, and Insurance Policies
For many seniors in or entering retirement, the prospect of purchasing long-term care, investments or annuities can be cut short by a lack of retirement income. Statistics show that 3 out 4 seniors will have to lower their current standard of living during retirement. Social Security, IRA's, 401k's ... more...

Before You Start Investing
There maybe several reasons why you to want to invest your money. You may want to retire early, want to build your own business in the future, or to pay for your kids education. Should everyone start investing outside their retirement accounts right away? The answer to this question is that it ... more...

Creative Home Equity Strategies for Retirement
The Baby-Boom generation is nearing retirement and it is clear that millions of aging Boomers are financially under prepared. Reasons are many - poor savings habits, rising medical costs, the demise of guaranteed corporate pensions, and the dreaded squeeze faced by many: i.e. having to pay college ... more...

Five Secrets for Long-term Financial Success
Future financial success is not a guarantee that any one of us can rely upon, no matter how wealthy we are now or intend to become.There are however five future proofing financial steps that we can take to protect our current financial status, improve our future financial prospects and secure our ... more...

Home Equity Loan A Reverse Mortgage Could Provide a Comfortable Retirement!
While only comprising about 1% of all mortgages, the reverse mortgage has gained in popularity in recent years. Federally insured since the late 1980s, the reverse mortgage allows owners of paid-off homes to borrow against the equity in their homes in the form of a lump sum, a line of credit, or ... more...

Retirees and Mortgages: Will It Work?
There are more an more people reaching retirement with mortgages. In fact, many people are acquiring mortgages in retirement. Is it a good idea?First of all, most financial advisors will tell you that you shouldn't carry a mortgage into retirement. That is because most retirees are cutting back on ... more...

5 Simple Steps for Serious Saving and Financial Growth
1) Pay off your loan, credit and store card debt and resist the temptation to keep on spending money you dont yet have.Credit cards and store cards attract the highest rates of interest and are the most inefficient way to work your finances. The average annual percentage rate (APR) for credit ... more...

Debt Consolidation and Debt Management For Maximum Relief: Part 2
In Part 1, we discussed how debt management helps you learn how to get a handle on your finances. However, using debt consolidation and management together will provide you maximum financial results.Once you have developed good skills for managing your debt, you need to learn some ways to reduce ... more...