Do you want to pay off the mortgage before you retire?
However ask yourself this more important question: Do you have enough money to pay for property taxes, maintenance and general retirement expenses for the next 25 to 30 years?
Remember we are in a low-mortgage-interest environment so, it doesn't make sense to pay off your mortgage. You see, if in a corporate bond fund you can earn 4 to 6 percent and you're paying only 2.75 percent on your home mortgage plus you get a tax deduction, it is better not to pull out a lump sum from any savings to pay off your mortgage period.
Give me a call for a FREE analysis of your financial situation and to make sure a retirement plan is made (or is improved) accounting for all the most important economic conditions present today.
Jesse Alvarado
(562)822-5565
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