Revisting the 15-year mortgage as an investment
Date
2018-09
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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.
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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.