With interest rates near zero, and some cash accumulated in the bank, I have been wondering if I should be paying down a part of my mortgage. This would allow me to save on mortgage interest, when my money is earning next to nothing in the bank. With a zero mortgage, I would be owning my house outright instead of the bank, as if I paid for it with cash. Does it make sense to buy a house with cash? Or is having a mortgage more beneficial from a strategic standpoint? Read more here...
Photo courtesy: freedigitalphotos.net
No comments:
Post a Comment