Loan + Mortgage Payoffs

Where Do I Start? Use CashMap’s Loan Payoff Template I’ve created an easy to use free template that enables you to enter the details of your loan or credit card, your monthly payment and the additional payment you plan to make. You’ll see approximately how much you’ll...

Last week, I was reviewing CashMap’s line of credit strategy with a client. I had just finished coaching them through the process of shopping for a line of credit. As is almost always the case, the credit union representative did not know the billing cycle...

We all know the adage, ‘a picture is worth a thousand words’. Let’s look at the picture of your line of credit. We’ll move to the second month. Let’s began by reviewing your basic information. Basic Information You deposit $5,025 in the bank each month, your monthly...

Let’s continue looking at the picture of your line of credit that we created. Let’s recap the basic information. Basic Information You deposit $5,025 in the bank each month, your monthly expenses total $4,025 (This includes your mortgage payment of $1,364.40) and you have a $15,000 line...

Basic Information You deposit $5,025 in the bank each month, your monthly expenses total $4,025 (This includes your mortgage payment of $1,364.40) and you have a $15,000 line of credit that charges an interest rate of 4.5 percent. A Picture is Worth a Thousand Words We’ve all heard...