Paying off the mortgage

March 2014
Consumer Reports Money Adviser;Mar2014, Vol. 11 Issue 3, p8
The article presents practical advice for older American consumers in regards to the economic aspects of paying off a mortgage loan as of March 2014, focusing on personal finance, amortization schedules, and the emotional and psychological aspects of loans in the U.S. According to the article, many financial advisers counsel clients against prepaying a mortgage. Liquidity and borrowing costs are mentioned, along with credit standards and annual inflation rates. Tax-related savings are examined.


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