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Mortgage Professor about mortgage retirement: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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... |
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mortgage retirement related definitions |
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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... |
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More about mortgage retirement Small Business Tax Deductions for Year End 2004 What is Your Creative Retirement Plan? Five Steps Before Filing Divorce How to Buy Your Own Home Mortgage Refinancing How to Organize Before You Apply Reverse Mortgage: An Investment for Your Future Should You Pay Off Your Mortgage Early? Achieving Financial Security in an Unreliable Economy Mortgage Loan - How to Streamline the Application Process A Critical Guide to Home Loans: Your Options and How They Affect Your Future
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