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Care-A-Vanners to arrive in town next week  Layout work has been completed and Habitat officials report that the home construction on 407 Cherry Street is waiting for the Care-A-Vanners who will arrive in Chillicothe next week to


Bellwether Report is Currently Tracking Silverado Financial Inc...  Today the Bellwether Report has identified Silverado Financial Inc. , a company that our analysts will be tracking over the ensuing weeks.read more...


Fannie Mae to Buy More 40-Year Mortgages  A new plan will provide an incentive for lenders to offer another home-financing option.via


Housing Opportunities receives home ownership educaiton and counseling grant  PORTER cOUnty | Housing Opportunities, Inc. was awarded $21,150 by the Indiana Housing and Community Development Authority .read more...


New styles for the simple life  Suburban residential interior design is about stuff. It's about Aunt Tilley's sideboard and that comfortable recliner.read more...


Construction of synagogue halted as leaders cite lack of funds  Chabad Lubavitch of Greater Stamford has stopped construction on a $7 million synagogue because the congregation ran out of money last year to fully build, landscape and furnish it, according

March 18th, 2008

‘Free and Clear’ Ownership: An Overvalued Concept

Q: Our condominium is worth about $350,000, and we owe only $25,000 on our mortgage. We are from the old school and want to own this property free and clear. We have the money and are considering paying off the loan. Is this a good idea? If so, how do we go about making sure it is done correctly?




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