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Home / Blog / Headlines & News / YouTuber Suprised Parents By Paying Off Their Mortgage

YouTuber Suprised Parents By Paying Off Their Mortgage

July 31, 2014 By Mary Catchur

YouTube Rapper and comedian Timothy DeLaGhetto.
YouTube.

Rapper and comedian Timothy DeLaGhetto has been in the media for his $210,000 gift to his parents to cover the balance on their mortgage.

Most people will not have children in a position to give such a gift, but Timothy’s generosity brought other points to mind that are worthy of consideration.

Low Mortgage Rates Have Saved Americans Thousands

Low mortgage rates have given Americans the opportunity to buy homes with lower monthly payments than previous years, and helped Americans refinance existing mortgages saving hundreds of dollars every month.

Many Americans are also building equity in their homes more quickly, often as a result of refinancing. We recently reviewed 4 Ways to Save Money and Build Home Equity at a Faster Pace:

  1. Refinance From a 30-Year Mortgage to a Shorter Term.
  2. Get a Lower Interest Rate.
  3. Pay Your Mortgage More Quickly Without Refinancing.
  4. Stop Paying Mortgage Insurance.

Refinance Calculator

If you are interested in seeing whether you could save money by refinancing, check out this Refinance Calculator.

And if you are thinking about buying a home, these Mortgage Calculators will help you estimate the monthly payment.

You may also be interested in these articles:

  • How Much Can I Afford for a Monthly Mortgage Payment?
  • FHA Refinance | FHA Streamline Refinance, FHA Cash-Out Refinance
  • How To Refinance Your Home Mortgage
  • Should I Refinance My Home?
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Filed Under: Headlines & News Tagged With: Pay Off Mortgage, YouTube

Opinions, estimates, forecasts and other views contained in this page do not necessarily represent the views of Marimark Mortgage or its management and should not be construed as an offer to provide financing at the rates or terms mentioned. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval. Although Marimark Mortgage attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. Information from this page may be used with proper attribution.

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    Refinancing with Mary has been an absolute pleasure. I have never been through the process before and she took the time to explain each step. She was prompt (had a rate locked in right away) and most importantly always answered the phone or emails almost immediately! The communication line alone made the refinancing process every bit worth it. Would recommend to anyone, and will be back for any future purchases! Bret Brennan, March 2021
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