Your Questions About How To Pay Off Mortgage Quicker

Joseph asks…

How do you get out of a mortgage when the other won’t sell and can’t assume the loan because of bad credit?

The mortgage is about 5 years old on a house I part own in Colorado. I’ve been trying to get off the title and mortgage but my ex-fiance seems to blow me off each time. I don’t care about the money I just want out he can have the house. I’ve told him several times but I guess he does not qualify for an assumption. Now what? I’ve told him over and over again I don’t want to take this to court….but it may be my only option. My credit is getting hit hard because he pays the mortgage late, a lot. I can’t afford the house after a career change. He’s been paying by himself for years. I told him I want to sell it or just get me off the mortgage. Quick Claim will get me off the Title but not off the mortgage! The mortgage is what is affecting me credit score. It’s a fairly new ranch style home in golf course community big corner lot….it will sell if he’d let it. Please help no one seems to have any answers! I’ve more then paid for my mistake of going in on a house and being naive!
Thank you for everyones suggestions. I’m very stressed about this. I’m the co he is the primary. Also he has been late paying the mortgage twice (in a row recently)by 30 days. I found out by my credit report… he never informed me he was having problems coming up with the mortgage. I would have paid if I would have known to keep my credit at good standing. Also it’s a 30 yr.

richmama answers:


Sharon asks…

How can I fix this mortgage problem with my home’s title?

I’m trying to sell my home, but it seems an unexpected mortgage comes up on the title check. That mortgage has been paid off over 10 years ago, and I haven’t been paying any mortgage since then. The mortgage company that held the mortgage has been sold and bought numerous times by other companies and I’m having trouble trying to get verification for the buyers that the mortgage has been paid. I need to do this quick so the buyers don’t back out. What can I do?

richmama answers:

In the quickest scenario you will need to find some kind of proof relating to the pay off of the mortage regardless of what it is and then record an affidavit stating that the attached proof represents the pay off and describing all of the recording information regarding the mortgage. You really should get a real estate attorney to quickly help you. The title company can also assist you in the needed research showing who bought and or was supposed to service your original mortgage. The lender who gave you the money should have all that information as a starting point.
To get legal help go here:
American Bar Association: or
Buena Suerte

William asks…

Is it possible to payoff your home mortgage with a home equity line of credit?

My loan is for 30 years 75K. I was told that you can pay it off alot quicker with a line of credit. Has anyone on here done it and how?
I didn’t think it was possible or financially beneficial. I’ll stick to my 300 extra towards principle every month.

richmama answers:

Sorry but no one here knows what they are talking about.
Here is how it works. You have a heloc for 75K at say 4% interest only with a payment of $250.00 per month. Now lets say you have a rate of 6% right now which gives you a payment of $450 per month. You save $200 per month and add to the extra $300 per month that you are sending in to your principle.
Here is the break down.
On your current loan(using the numbers above) if you continue to pay the $300 extra per month, your loan will be paid off in 140 months (11.66 years) with a total of $29,252.87 paid in interest.
If you take the savings of $200 per month and add that to the extra $300 for a total of $500 and send that in as extra to the principle on a heloc, you will pay off the loan in 123 months(10.25 years) and pay $16,383.83 in interest.
The reason this works is because an interest only loan is the only mortgage that will recast (re-amortize) when an extra payment is made to the principle. This means that every time you pay on the principle the following month you interest charges are based on the new lower loan amount.

Richard asks…

How can my husband and I make some quick dough?

My husband and I are 30 000 in debt with our loans. We’d like to pay them off quicker, without using the money we currently work for so we can enjoy life a little more. Anyone know how to make quick money legally?? I’ve thought of flipping houses but Im not sure we can get a mortgage at this point.

richmama answers:

There is nothing like quick money on internet. If you believe you can make money quick then you are a possible victim to scams. There are many scams. But, You can make money here. There are simply too many opportunities and sky is the limit when it comes to the earning potential. You have to learn and find time to set it up and get it running. You hard work will eventually get you through.

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Your Questions About Internet Safety Videos

Mandy asks…

is it safe to include my full name on a youtube video?? INTERNET SAFETY?

ok well i made this video and i havn’t put it up on youtube yet but basically its me giving a message to J.B nd the only thing i’m worried about is that it includes my twitter name which includes my first and last name. is it ok to put it up on the internet??? thank you, all answers will be taken on board xxx

richmama answers:

If you don’t want people knowing who you are, then I wouldn’t suggest that you include your full name in a YouTube video.

However, if your name is already on your Twitter profile and it isn’t private, your full name is already on the Internet.

Daniel asks…

Where can I find free funny video clips about safety on the internet?

richmama answers:


Charles asks…

On “The Safe Side: Internet Safety” DVD, did the actor playing the dad lose part of a finger during production?

I figure no one will know this but I was watching it with my kids and at the end of the music video I noticed the actor (David Born) has a short first finger on his left hand. I looked back through the rest of the video and he first finger is normal length (on both hands too just to make sure the film wasn’t flipped) throughout the rest of the show. I can’t find anything about it online. Just curious.

richmama answers:


Nancy asks…

whats a good video to show 9 and 10 years olds about Internet safety?

richmama answers:

Any of these…


Personally the second was my favourite.

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