Should I pay off my Mortgage?
This is one of the frequent questions I receive…
from my clients and prospects, and I want to share our useful guide to enable you to make sound decision. Of course, don’t hesitate to contact if you have any questions after you review the flow chart.
Many say purchasing your home is one of the biggest decisions you make in your life, but very few talk about how big of a decision it is to pay off your home.
There’s a lot of disagreement on this topic, and many find themselves lost and uncertain as to what they should do. This valuable flow chart will provide guidance why and why not to consider paying off your mortgage.
This flowchart covers important decision-making factors you must consider when paying off your mortgage, such as:
Thoroughly weighing the pros and cons involved in this big decision, and how you specifically relate to your financial situation.
Recognizing what degree of flexibility, you may or may not have after paying off the mortgage.
Considering any tax implications that may result from paying off the mortgage.
Identifying sound reasons for paying off the mortgage and determining the best course of action if applicable.
Link to the Flow Chart in Google Folder: https://drive.google.com/file/d/1MI_GCDbUw6yQFuGBVrpceEVwudS35J9e/view?usp=sharing