Here’s what to do about your mortgage if you get retrenched: If the worst hasn’t happened yet, remember the six-month rule As we’ve pointed out time and again, always make the effort to save up six months of your expenses, including the mortgage.
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Ever wonder how you may be able to pay off your #mortgage within 5-7 years (depending on your situation) without adding a single penny to your payment and not #refinancing? Sam Kwak is going to.
What the law says about retrenchment Business Report / 30 November 2016, 09:40am / Lorraine Kearney This article was first published in the third quarter 2016 edition of personal finance magazine.
What You Can Do. This doesn’t mean that you won’t qualify for a mortgage loan if you’re a 1099 worker. You’ll just have to show lenders that your annual income has been steady for several years. To prove this, lenders might require you to provide copies of your tax returns for the last three years.
Instead, they’ll cover a certain amount that’s specified in your contract. Mortgage protection insurance is not the same thing as private mortgage insurance, which goes to the lender if you default on your mortgage, and doesn’t have a specific benefit for you the borrower. Mortgage protection insurance, however, protects you as a borrower.
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Seven things to do if you are retrenched.. such as mortgage, vehicle finance, credit card, store cards and hire purchase – include credit insurance, which covers a portion of your debt.
Depending on the type of landed property you want to get. your CPF savings, mortgage interest rates and the state of the property market. We’d love to know, what kind of property would you ideally.
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Not only were mortgage fees up, but also most of the other. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you.
Today, we are going to talk about how to pay off a mortgage in 5 YEARS drawing on our own experience. As part of the plan to achieve financial independence, we have what we have dubbed Vision2020: To pay off our $550,000 mortgage in 5 years by 2020 at the age of 39 years old.