?

Log in

No account? Create an account

Previous Entry | Next Entry

To Pay (Off) or Not To Pay (Off)

A friend e-mailed me for some professional advice.  “My goal is to pay off my mortgage as early as possible. I’m at the tail end. Do you feel it’s beneficial?”

 

I replied, “Accountants will tell you to keep paying interest so you'll have a deduction, most RE attorneys would tell you to pay off your current mortgage and then take out a line-of-credit on your equity 'just in case,' but I'm telling you as a friend that having no mortgage to pay is nirvana!"

Profile

real_lawyer
LitaWrites

Latest Month

August 2018
S M T W T F S
   1234
567891011
12131415161718
19202122232425
262728293031 

Tags

Powered by LiveJournal.com
Designed by Keri Maijala