To Pay Off Your Jumbo Mortgage or Not, That is the Question
There was a time in the not so distant past that it made good, economical sense to pay down a mortgage rather than invest the money. This was especially true for homeowners that had a jumbo mortgage with rates as high as 8 percent. However, the tables have flipped as the old saying goes. People that can afford a jumbo mortgage may actually improve their financial strength by buying a home with a loan and using the left over cash as investment fodder.
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