043. Should I Sell My House? / Ask The Money Nerds

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

Mortgages are a controversial topic. How and when do you pay off your mortgage? Some life situations, like divorce can add a layer of complexity, like it did for Lynn. In today's episode of Ask the Money Nerds, Garrett and Amanda offer some guidance on how to handle an equity buyout payment and they discuss whether or not it's a good idea to use money in a savings account to pay down a mortgage. Take a listen!

Time Stamps:
1:40 – Why Garrett chooses to keep a mortgage on his house
2:40 – How history has shaped why so many believe a mortgage needs to be paid off quickly
4:00 – Should I consider selling my home given my current financial situation or do I have other option?
7:00 – Options for paying off a mortgage
7:30 – Why you might consider selling the home
9:55 – Should I use my savings to pay down my mortgage?
***
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!

Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/