I do realize that in the present economy many of us are in pretty dire straits. But there are a few who are not. This article is for them. It is also great advice that I wish I were in a position to follow!
Should home buyers with sufficient cash pay down their mortgages or put the extra money in investments or savings?
Financial experts say the choice depends on the home buyer's employment prospects, current savings, and investable assets.
If life looks a little uncertain, they advise putting the money in a safe place, like a savings account. But for people with more stable financial situations, paying down the mortgage can be a great investment, often providing a better return than a savings account.
Source: Washington Post, Ilyce R. Glink and Samuel J. Tamkin (2/27/2010)
Please contact us for help with your real estate needs:
The NO BULL Team
Marianne and Dwayne Smith
615-517-6560 or 615-509-2428
Affiliated with Keller Williams Realty, Hendersonville, TN, 615-822-8585
Each office is independently owned and operated.
