Paying Off your Mortgage: Good idea, or Bad? – Season 3: Episode 7
A few weeks back, we offered a strategy for people who want to pay off their mortgage in, say, 15 years, but don’t like the idea of making the higher principal payments that are required of a 15-year loan. Following up on that topic, we received an email asking about whether paying off the mortgage is really nothing more than a cash-flow issue. Is it? Or are there other things to consider?
On this week’s episode of Managing Your Financial Future, hosts Johnny Dean and Rick “The Professor” Plum, CFP discuss the potential benefits of either paying off your home loan, OR perhaps keeping a mortgage on your house, if only a small one. Tune in to hear some things you might consider that may never have occurred to you before, as well as a neat trick to get funds onto a Roth IRA, even if you’re over the income limit!