Here are some reasons and key takeaways as to why you might not want to pay off your mortgage early — even if you currently can. Homeownership comes with a big price tag and even more interest.
However, there are several reasons why you may not want to ... The money you save from not paying off your mortgage early can give you more financial flexibility. Investing extra funds can ...
A final reason we're paying off our mortgage is the same ... weekend getaways and family vacations. While paying off our mortgage early may not be the best mathematical choice, it's the one ...
I don't care what they think or say, and I believe they're incorrect for more reasons than one. I will continue paying extra toward my 15-year home loan until it's paid off, and here's why.
This is known as an early repayment charge (ERC) and may be charged by your mortgage lender if you overpay on your mortgage by too much a year or pay it off too ... "It may not look much, for ...
Paying off our mortgage early wasn't as financially freeing as I'd hoped. Our financial advisor recommended we keep our mortgage and invest our money instead. Having no mortgage has advantages ...
The tax and insurance do not go away if I pay off the mortgage early. I could pay off early but would do so by selling stocks with high appreciation or IRA shares with tax obligations. It seems ...
Early retirement, exciting vacations, and a new car were just around the corner — then, reality quickly set in. Paying off the mortgage ... previous mortgage every year. I'm not complaining ...
Commissions do not affect our editors ... lump sum of cash. The best reason to take out a home equity loan for the purpose of paying off your mortgage early is if the home equity loan interest ...