Love Your Mortgage
Whether you just bought your first house or you’ve been settled into your house for years, you’ll probably agree that one of the largest checks you write each month is your mortgage. In Sunday’s SF Examiner, columnist Jonathan Clements discussed nine reasons why homeowners should love their mortgage. Let me share 3 of the key points he made.
1. A mortgage is a cheap way to borrow money with special benefits such as tax-deductible interest.
2. A mortgage is inflation friendly, especially if you have a fixed rate mortgage. If interest goes up your mortgage stays the same, and if interest goes down you can take advantage of lower mortgage rates by refinancing.
3. A mortgage helps you build wealth. Each payment reduces your principal and increases your equity, on an investment that over time is most likely to gain value.
Want to hear more? Give me a call and I can share the entire article. Or even better yet, let me share some of the wealth of knowledge I’ve gained through my 25+ years as a real estate agent along the SF Peninsula.