Quote:
Originally Posted by bobarian
Whether you go with a big company or a personal advisor, find someone with whom you are comfortable. Discuss your personal and family goals. Where you want to go will help determine how to get there. College tuition, future medical care for family members, a legacy for your children are all things to be considered. Seek guidance before you pay off your mortgage, sometimes payments are not a bad thing. It sounds like you are in a position to look at the big picture for your family, congrats.  |
I know some people advise against paying off a mortgage like that, but given what all of us witnessed in the last 2 years during the economical meltdown, there's nothing like owning your home outright. I'm a little less inclined to pay off the student loans at 4.25% when I feel like I could certainly get a better return on my money than that.
Even on unemployment as I am right now, I could still manage to put a little into savings every month if my mortgage were paid off even after taking care of food, utilities, student loan, and cobra insurance.