Ask Terry Questions Mortgage payoff

Mortgage payoff

By Terry Savage on August 14, 2024 | Housing / Real Estate

My son is down to a five-figure mortgage and is thinking of just paying it off. What would you recommend? I’m sure you’ve talked about this before, but I could not find any reference to it. Thank you so much for your time!

Terry Says

What is the rate on your mortgage? How much of your liquid savings would a payoff take? Are you still working, and saving?
It is impossible to answer your question without more information!

money

ASK TERRY

a personal
finance question