LITTLE ROCK, Ark. (KTHV) -- With the recent housing crisis and record-level foreclosures still fresh on our minds, you may be tempted to pay off your mortgage early.
But is it a good idea? Financial Planner Barry Corkern is here with the answers.
Should I pay down or pay off my mortgage early? Factors to consider:
• Anatomy of a mortgage loan;
• Stage of life-in retirement or working toward retirement;
• Spend, save or invest the freed up cash flow;
• Income taxes;
• House as an investment