Real Estate Info & FAQ

Another reason not to pre-pay the mortgage

I have read (change that to skimmed) the article that is referenced here. It really does not get into the tactical (what to do) part of the solution. However, it does bring home the point that paying off the home as fast as possible is not really the best long term option for most people.

Take a look at this link. Mr. Stenbeck does a good job of summarizing the salient points of the article. Of course, there is a link to the article if you feel the need to read it yourself.

http://www.behindthemortgage.com/behind_the_mortgage/2007/04/home_equity_as_.html

Thanks!

John

Labels: Mortgage Planning

posted by jkballentine @ 5:18 AM