Depending on your financial goals, plans, and current age, the decision of whether to pay off your mortgage may be something that has crossed your mind. If you’re heading toward retirement, paying off your mortgage may certainly provide peace of mind. But, does eliminating the monthly payment actually improve your financial situation? When rates are as low as they are today, it’s worthwhile to carefully weigh the responsibility of a monthly payment against the rewards of having access to cash for investing and the pursuit of other goals. Living debt-free sounds great. But so does investing in your future. Here are some things to consider before deciding whether an early mortgage payoff is right for you.
For successful real estate agents, a certain portion of their referral business comes from the financial advisors with whom they have built trusted relationships. Financial professionals call on agents first when they have clients who need help with real estate, and there are three key reasons why they want agents to work with RPM: