Does paying off a mortgage ASAP make sense for retirees? - Yahoo Finance
The Joint Center for Housing Studies of Harvard University recently released a report showing that the number of homeowners aged 65 to 79 with a mortgage on their primary home has increased to 41 percent. Also, homeowners aged 80 and up saw a dramatic increase in mortgage balances. So, what does carrying a mortgage into retirement mean to seniors? Should you pay off your mortgage before you retire or ASAP? Christy Bieber asks if a fully paid-off home in retirement is worth it. Read Ms. Bieber’s article here…
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