San Francisco Real Estate - Janice Lee

There are plenty of reasons why many people today aren’t financially prepared for retirement. We’re living longer, so we have to stretch our savings further. And the pensions that helped previous generations have largely vanished. But that doesn’t mean it’s time to panic quite yet.

Should I pay down my mortgage every month and try to pay off my mortgage? There are different schools of thought and the right decision depends on your financial situation. It used to be that your parents would tell you to pay down your mortgage as fast as possible.  You can be debt free and no longer have monthly payments. It’s more complicated than that.  With today’s low mortgage interest rates, you may get a higher return on your money in other investments or perhaps you need a tax write off or you can use your money to leverage to buy other properties.