Should you pay off your mortgage early? Cari Kimball Meabon

Money Making Sense

English - April 26, 2017 07:00 - 27 minutes - 12.9 MB - ★★★★★ - 22 ratings
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Interest rates are rising, so many people are looking at buying a home now or refinancing. But, what about paying off your mortgage faster than 30-years? Associate Lending Associate of Guild Mortgage, Cari Kimball Meabon, disussing when you should invest your money in your house and when you shouldn't.

http://www.loansbycari.com

We also cover tax implications and what happens to your credit rating when you pay off your mortgage sooner rather than later. And, re-amortization (also known as re-casting) may be a cheaper way to lower your monthly mortgage payments.

Getting help from a CPA, loan officer, or financial specialist can help you determine if you should throw all your extra money toward monthly payments, retirement, or other needed expenses.

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