Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Hi,

    Good question. One of our advisors and moderators, Bud Hebeler, has a useful article on this that you can find here:

    http://www.newretirement.com/answers/bud-hebeler/paying-off-a-mortgage-early.aspx

    You may also want to review this question with a local financial advisor - if so - you can inquire here:

    https://www.newretirement.com/free-retirement-consultation.aspx

  • Login to rate this answer:   Answered on 2/27/2013
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  • It might make sense to carry the debt since interest rates are at historic lows and mortgage interest payments are tax deductible. Paying off your mortgage would also tie up your cash, making it harder to access if you ever needed it. I would be happy to get more specific if interested, 415 785-3635.

  • Login to rate this answer:   Answered on 3/20/2013
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.