It seems the dream of every homeowner is to pay off their mortgage. But is that the best choice for you?
In this episode, Tom Selbo dives into mortgage payments, when to pay them off and where that same money could be put to better use. He shares general information about paying off your mortgage before, during or after retirement and the risk factors to consider when paying it off.
Tom discuss:
- The pros and cons of paying off your mortgage early
- Alternative options for investing money instead of on higher mortgage payments
- The potential penalties for paying off your mortgage early
- How age factors into paying off your mortgage early
- And more