Should I Pay Off My Mortgage Early If I Have The Means?

Happy Friday!

Last week I talked about how there’s no “magic” in those “pay your loan down faster” schemes/ads. However, there is another, more valid discussion to be had surrounding whether or not to pay your mortgage off if you have the means. Maybe you have money in a retirement account and you’re considering using that to pay off your mortgage. Should you? The answer, of course, is 'it depends'.

Here’s an article that I think does a good job discussing the various points to consider. It's from 2013, but the principles still apply...

ABC News Article

I'll be available all weekend if you have a client who needs to be prequalified before Monday!

Have a great weekend!