Thursday, March 10, 2011

Do you love your loan?

I found this article today on MSN and I thought it was worth sharing. Many people I come in contact with in my business feel that their home mortgage is a necessary evil at best. Of course it would make all of our lives a little less stressful if we did not have to worry about what for many of us is our largest monthly bill, but there are so many wealth building and tax saving features built into a mortgage it really is an incredibly valuable financial planning tool. The MSN article does not even touch on the idea that rather than putting extra money towards your mortgage, you would be better off in the long term investing that money somewhere else. It's not what your parents told you to do, but read about it here and you will see that there are even more reasons to love your mortgage. If you have any questions regarding any of the principals in either of these articles please feel free to reach out to me.

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