Should I Pay Off My Mortgage Early?

Should I Pay Off My Mortgage Early?

Let's chat a little bit about mortgages, shall we? Made popular in the U.S. in the depression days ("depression", not "recession"), mortgages are a fairly recent concept for Americans. Before that, YOU ACTUALLY HAD TO HAVE THE MONEY TO BUY A HOME! WOW! No, seriously. You didn't own a home unless you could buy it in full. Crazy, right? But mortgages were introduced to help out wanna-be homeowners get into a house without having the full amount right away. Though, these were much more conservative than out modern mortgages. You were typically required to pay 50% down, sometimes more, and the … [Read more...]