There are many people who, upon retirement, receive a lump sum payment. While it could be very tempting to pay off the mortgage, is this really a wise move? The lump sum payment could also be used to pay off loans which have been taken out in the past and which have high interest rates. […]
Tag Archive | "retirement"
Whether or not to pay off your mortgage early is a highly debated subject, some mortgage professionals say “no” while others in the industry say “why not?”. The correct answer really depends upon a number of different factors. You need to evaluate what is most important to you before making a decision. Ensure that you […]