Sunday
Should You Prepay Your Mortgage?
For years, the conventional wisdom was "burn that mortgage ASAP." Financial experts all urged homeowners to send in extra principal, set up biweekly payments, shorten the maturities on their loans and do whatever it took to get out from under that house-sized albatross.
But that was before many homeowners locked in long-term mortgage rates that are under 6 percent, and in some cases, under 5 percent.
Does it still make sense to pay off the loan?
more..
But that was before many homeowners locked in long-term mortgage rates that are under 6 percent, and in some cases, under 5 percent.
Does it still make sense to pay off the loan?
more..
