In the United States, mortgages are the most common type of personal debt. Depending on the type of mortgage, you’ll generally finance at least 80% of the home price.
However, the total cost of the mortgage is more than the actual price tag. It will also include the interest you’ll be paying on the loan. That said, would it make sense to pay off your mortgage?
In this episode, Mr. TTP himself, Brent Daniels, tackled the pros and cons of paying your mortgage. If you can’t decide if paying your mortgage is a good idea, this episode should make the decision-making process easy for you!