Given a choice, most homeowners would like to pay their mortgage before time, except those who are getting a better return on their investments that the rate of mortgage or whose income is not consistent enough to allow them to keep their investments liquid. Here are the reasons that favour refinancing:
- Peace of mind: We now that stress of paying instalments keeps people stressful and unhappy.
- More home equity
- Assured return: It remains valid for all debts-getting rid of these is an assured return.
Having said that, what are the options for you to pay off your debt soon?