down payment: Do You Want to Be Debt Free? Or Do You Want to Be Wealthy? - 11/23/07 09:09 AM
Should you leverage your home or pay it down rapidly?  This is a very personal question and the answer can vary greatly from person to person based on his or her disciplines.  Many planners today espouse the idea of paying down your mortgage completely for the piece of mind.  But do you think having a mortgage makes Bill Gates any less wealthy?  Would it be better to have liquid assets equal to or greater than your mortgage rather than giving all of your money to the mortgage company, especially if you suddenly found yourself without a job and in need of cash?
In order … (2 comments)

 

Glory Gray

Mortgage Planner

Weiser, ID

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Prime Equity Mortgage Group

Office: (208) 549-8700

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