Revisting the 15-year mortgage as an investment

Date

2018-09

Authors

Journal Title

Journal ISSN

Volume Title

Publisher

Financial Planning Association

Abstract

The article offers information on trade-off between prepaying the mortgage and making investments in housing. Topics discussed include the factors determining the choice of loans such as affordability, expected length of time in home and interest rates; preference of homebuyers to finance their home purchase with a 30-year mortgage; and the advise given to clients by financial planners on managing the leverage on a home o generate investible assets.

Description

Keywords

Mortgage loans, Finance, Personal, Financial planners--United States, Interest rates

Citation

Farrell, J. (2018). Revisiting the 15-year mortgage as an investment. Journal of Financial Planning, 31(9), 46–55.

URI

http://hdl.handle.net/11416/569
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DOI

Collections

School of Business and Free Enterprise