Reblogged from Ameriprise Financial
Most financial advisors will tell you there is no one size fits all approach with any homeowners, but with rates so low, you should consider paying off other debts and maximize retirement accounts before paying off the mortgage. Investing $100,000 over 10 years –vs- paying $100,000 to pay off a mortgage 10 years early could cost you upwards of $40k
The views expressed are my own and do not necessarily reflect the views of my employer.
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