Posts Tagged ‘Mortgage’
When Should I Pay it Off?
I am often asked when a homeowner should put the focus of paying off their mortgage. Although the answer to this question is specific to each homeowner, my general recommendation lies within a 4-step plan that I use to advise each of my clients.
Each step is numbered based upon the priority. In other words, step one should be on track before moving on to step two, and so on. The problem is that many homeowners jump ahead before the prior step are mastered. This typically leads to living paycheck to paycheck, getting stuck in the consumer debt rut, or reaching retirement to find that you are equity rich and cash poor. By following the steps below, you can help ensure you reach retirement having achieved the long-term goals you desire.
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Homeownership: Still the American Dream
Recently, I heard a quote by Warren Buffet that said, “Be greedy when others are fearful, and be fearful when others are greedy.” This made me realize the great opportunity there is in Real Estate right now. If you’ve been contemplating that first home, or making a possible move, now is the time. We’d love to have the opportunity to assist you, a friend or family member in getting them into the home of their dreams. I came across the following article that helps us all realize what a great investment a home really is. It was written by Steve Harney, mortgage and real estate advisor. We hope you enjoy the read.
“There seems to be a long held American belief currently under attack. For over two hundred years, homeownership in this country was a desire of almost every American family. Recently however, more and more people have been pontificating on the fact that owning your own home should never have been held in such high regard.
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