VIDEO: When Does It Make Sense to Pay Off Your Mortgage?


Paul, 62, is like a lot of people near retirement: He wants a safe place to invest his money. But the interest rates on savings accounts barely keep up with inflation. Would it make sense to pay off a mortgage instead?

In this week's installment of "Money & Happiness" DailyFinance's Laura Rowley reports on the three questions you need to ask before blowing your available cash to pay off your mortgage.



See the original post on DailyFinance.

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