Home > What Matters Most In Deciding Whether To Pay Off Your Mortgage Early

Business
What Matters Most In Deciding Whether To Pay Off Your Mortgage Early

Description

Especially in uncertain times like these, the dream of owning one's home free and clear is an enticing one. On the other hand, isn't saving for retirement, or college funds more important? According to Business Insider, if you have the opportunity to pay off your mortgage early, the deciding factor comes down to just one thing: interest rates. If the rate on your mortgage is higher than the rate you'd earn by investing cash in the stock market, pay down the debt first. But before you do that, run the numbers to see if refinancing your mortgage would make sense. If so, you can apply the freed-up cash towards your high-interest debt. Once that's cleared up, pay off the mortgage!

Added on the 13/01/2021 17:53:51 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • HBO Max Is Offering A Deal To Early Subscribers

    HBO Max, the new subscription-based movie streaming service, is now available for $14.99 per month. The Warnermedia streaming service is offering a 20% discount for new and returning members if you prepay 6 months. HBO Max will give subscribers access to everything on HBO, as well as new exclusive series. According to Business Insider, the streaming service will also include hundreds of movies and TV shows. Warner Bros. will also be releasing its entire 2021 roster of movies on HBO Max at the same time the films premiere in theaters. The 2021 releases will include potential blockbusters like Dune and the newest installment in the Matrix franchise.

    05/12/2020 - Wochit
  • Goldman Sachs to pay $5B in mortgage settlement

    Goldman Sachs Group Inc has agreed to pay $5 billion to settle claims that it misled mortgage bond investors during the financial crisis. Rough Cut (no reporter narration).

    11/04/2016 - Reuters EN
  • Terrorist ransoms: Should governments pay up for hostages?

    This week, US journalist Peter Theo Curtis was released after 22 months in captivity in Syria. But the joy of his freedom was dampened by the horrific beheading of another American reporter just days before. Next, the Mosul dam area may have been taken back from Islamic State fighters, but the jihadists have left a deadly minefield behind them. And in Yemen, Shia rebels in the capital say they won't give up their standoff unless the government meets their demands.

    27/08/2014 - France 24 EN
  • Citigroup to pay $7 billion to settle US mortgage suits

    Citigroup said Monday that it will pay $7 billion to settle allegations that it misled investors in its sale of mortgage-linked securities ahead of the financial crisis. Duration: 00:35

    14/07/2014 - AFP EN

More videosBusiness

Watch video of The Post-Brexit Recovery Across European Markets Has Stalled With Major Share Indexes Mixed And Safe-haven Demand For Precious Metals Helping The Price Of Silver Surge To A Near-two Year High.  But,  As Sonia Legg Reports, Trading Volumes Were Light Becasue Of The July 4 Public Holiday In The United States. - European shares end post-Brexit rally - Label : Reuters EN -
Business

European shares end post-Brexit rally

04/07/2016 15:56:29