How One Man Paid Off His $255K Mortgage in 3 Years

Mortgages

How One Man Paid Off His $255K Mortgage in 3 Years

How One Man Paid Off His $255K Mortgage in 3 Years

Most people aspire to buy a house by age 30, let alone pay off the mortgage. But a Canadian man named Sean Cooper managed to do both of those things in only three years. In 2012, Cooper, who is 30, purchased a home for CA$425,000 or about $313,000 in Toronto. He took out a mortgage for CA$255,000 or $188,000, CBC reports, with a plan to get out... Read More

Could Paying Off Your Mortgage Hurt Your Credit?

Credit Score

Could Paying Off Your Mortgage Hurt Your Credit?

Could Paying Off Your Mortgage Hurt Your Credit?

For many people, paying off their mortgage is the ultimate financial accomplishment. While “mortgage burning celebrations” may not be common now that everything is handled digitally, most do feel proud of a home that is paid for in full. Imagine, then, the disappointment to learn that your credit scores have gone down, not up, as... Read More

Lawmakers Pressured to Help Troubled Homeowners

Mortgages

Lawmakers Pressured to Help Troubled Homeowners

Lawmakers Pressured to Help Troubled Homeowners

With the looming fiscal cliff, many of the nation’s lawmakers are debating exactly what federal programs and tax breaks to cut in an effort to reduce the national deficit. But some top officials across the country are now fighting for one such allowance. Last week, the attorneys general for 40 states plus Guam wrote a... Read More

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