Tag Archives: pay off mortgage

Should I Use My 401(k) to Pay Off My Mortgage? – Edi

“Dear Paul, My 401 k has lost 1.7% this year. I am 51 years old. I am wondering if I could use my 401 to pay off my mortgage. I have about $100,000 in my 401 and owe that on my house. I would be debt free. Should I use the 401 to pay off [...]

I Used Seven Credit Cards to Pay Off a House. – Ginger

Ginger “Dear Steve, I used 7 credit cards to pay off a house. How can I make a plan to start repaying my debt Ginger” The Answer:   Dear Ginger, Well that’s a new situation I don’t think I’ve ever had to deal with before. I’m going to assume that when you say “a house” [...]

Should We Pay Off Our Mortgage? – Andy

Andy “Dear Steve, I am 62 years old and had planed to retire in 3 – 3 1/2 years. With the ecomonic problems today my wife and I are thinking aobut taking $29000.00 out of my 401K and pay off our mortgage. I am still employed but things have really slowed down. So don’t know [...]