Is This a Good Time to Pay Off My Mortgage?
This is one of the most frequently asked questions I have heard over the years. Just today, a tax preparer in my building stopped by my office to ask the same question. She told me that she has been getting a lot of calls lately from her clients who have sold an asset, gotten a bonus or inherited some money. She wanted to know if there was a rule of thumb that she could share with her clients that would let them know if it made sense or not to pay off the mortgage.