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From my experience, many people would. In fact, most people define the ‘American Dream’ is to own your own home, and to own it outright, with no more mortgage payments.
My question is – if the American Dream is so wonderful, how can we explain the fact that thousands of financially successful people, who have more than enough money to pay off their mortgage, refuse to do so.
You ask.. Tyler– Seriously, what are you talking about?! Let me give you the readers digest version of what they think. Most of what we believe about mortgages and home equity, which we learned from our parents and grandparents, is often wrong. They taught us to make as big down payment as you can afford, get a fixed rate mortgage, and make extra principle payments in order to pay off your loan as early as you can. Mortgages, they said, are a necessary evil at best. Right?
Given those numbers, more middle class homeowners are choosing to use their mortgage as a tool more like the wealthy — those with the ability to pay off their mortgage but choose not to. Let me talk to you about how to create a new, liquid, financially secure dream. We’ll get you to the finish line faster!
