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4 reasons why paying off your mortgage isn’t always the best move

From USA Today

4 reasons not to be in a rush to pay off your home

http://usat.ly/2egFOWb

You’ve likely heard about the debt-free philosophy espoused by financial gurus such as Dave Ramsey. The idea of gaining financial freedom by paying off all your debts as quickly as possible — even a mortgage with a low, fixed rate — may be appealing, but it’s not always a wise strategy, some financial experts say.With rates still hovering near historic lows, mortgages are considered “cheap” debt. And unless you’re earning a high income relative to your living expenses, putting extra money into your home could eat up a considerable chunk of your monthly take-home pay.Here are four reasons why you shouldn’t be in a rush to pay off your home.



With rates still hovering near historic lows, mortgages are considered “cheap” debt.