Should You Keep Your Mortgage or Pay it Off?

Should you keep your mortgage or pay if off?  Believe it or not, this is not a question just for the privileged.  Here’s why you should ask yourself this question now.

2 Reasons Why You Should Know Now:

  1. If you’re going to get financially fit, you’re going to eventually ask yourself this question.  So it’s important to understand the pros and cons now when you’re setting up your strategy.
  2. There are two really cool financial super powers I want to show you that you can use.  In fact, it’s one secret trick that have made many people rich.  And anyone can access these powers.

I’m really excited to be guest posting over at Mustard Seed Money today.  Believe it or not, financial bloggers read other financial blogs.  And this is one that I read often.  I love MSM’s insight, interesting articles, and outlook on life.

So it’s an honor to contribute to MSM and share some of my own financial tips and views, like why you may want to keep your mortgage.

But to further understand the pros of keeping your mortgage and discover two financial super powers that almost anyone can access, you’ll have to head over to Mustard Seed Money to see my guest post!

2 Comments

  • John R July 21, 2017 at 6:12 pm

    Old school, Mortgage free 100%, sit on the equity & sleep well.

    On leverage…

    Using any extra money to invest when it’s return is higher than the interest on the mortgage…100%

    Taking equity out/from your personal home that returns more money than you are paying in monthly mortgage payments…100%

    Leveraging to invest: yes, I’m for this 100% as long as those that do it know what they are doing & that they have a fail safe plan in place

    What percentage of those with mortgages trust themselves to leverage to invest rather than pay down their mortgage?

    Reply
    • JT July 21, 2017 at 11:09 pm

      Totally, John R! This all works if you’re investing the proceeds that would otherwise go to your mortgage prepayment. Otherwise you’re hurting yourself.

      Reply

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