Episode 28: Should I Pay Off My Mortgage Before I Retire
Oct 15, 2021
For most people, their largest monthly expense is their mortgage payment, so it makes sense to consider, and even want to, remove that cost when moving into retirement. But, is that the right decision to make? Listen in as Patrick answers the question, “Should I pay off my mortgage before I retire?
Here are just a handful of the things that we'll discuss:
- What is the opportunity cost of paying off the loan early?
- When does it make sense to refinance instead?
- How could this potentially impact any future insurance claims?
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