All agents are NOT alike! Find out why we are top real estate experts. Call us: 619-840-9701.
Sign Up For Our eNewsletter, FREE! There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU. Find Out More > View All Offers >
"Gail will get the job done!" "Gail has a lot of integrity & honesty." Terry & Melissa Baker Read Quote > View All Quotes >
Compare three mortgages
at one time. Download TripleCalc now. It's free.
"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation
Conventional wisdom says, "Don't pay off your mortgage early." Are you foolish to consider an early payoff? Absolutely not! By adding just $50 to $100 to your mortgage payment every month, you can save thousands of dollars in interest, pay off your loan quicker, and eliminate a major monthly expense.
The argument usually given against paying off a mortgage early is that you can make investments with your extra cash, such as mutual funds, stocks or bonds, which pay higher returns. This approach enables you to take the mortgage interest deduction and have easy access to your money, in case you need it. These are all definite pluses, but are not guaranteed savings results.
Any extra income which an investment might generate above your home equity appreciation can be offset by a bad year in the investment market. Investment earnings can virtually eliminate the income tax advantage of your mortgage interest deduction, since stocks and bonds are likely to generate a fair amount of dividends, interest income and capital gains.
It isn't as simple as conventional wisdom--consult a financial expert.
The Gail Feldman Group Keller Williams San Diego Metro 3965 5th Ave Suite 300 San Diego, CA 92103 619-840-9701 Fax: 619-330-2005 License Number:: 01365562 gailfeldman@NUMBER1EXPERT.com
www.HomesByGail.com
is brought to you by The Gail Feldman Group
NUMBER1EXPERT in real estate for North Park, Pacific Beach and San Diego Metro, California
- NUMBER1EXPERT 
