Should You Prepay Your Mortgage and Mutual Fund Opportunities

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 11 February 2008

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Have you ever wondered if you should prepay your mortgage? In today's show I give you the information to make an informed decision based upon your personal situation. We take into account the analytical side of the decision as well as the emotional relief that can come from being DEBT FREE…. Read more at http://www.moneyguy.com/2008/02/should-you-prepay-your-mortgage-and-mutual-fund-opportunities Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:07.2	investing, taxing.
0:09.2	You've got financial questions, he's got financial answers.
0:12.8	It's Brian Preston, the money guy.
0:16.0	Welcome to the money guy show.
0:17.0	I'm your host, Brian Preston, and we're going to talk about some pretty exciting things.
0:21.0	As y'all know, last show, I talked to you about how the silver lining with this crazy
0:25.9	volatile financial market, stock market, equity markets that are out there right now that
0:31.2	we've had a little bit of opportunity in the refinances of your 15 and 30-year mortgage
0:37.6	rates.
0:38.6	If you're in one of those arms or an interest only or some type of product that is fluctuating
0:43.6	with the markets, this is actually a great time to lock into those 15-year and 30-year
0:48.1	fixed rate mortgages.
0:49.9	I had a few people after I did last week's show, contacted me and say, well, Brian, I appreciate
0:55.2	the topic of dealing with mortgages, but what about that age-old question of, should
1:01.2	I pay off the house first with extra money or should I invest it, should I prepay my
1:08.2	mortgage?
1:09.2	That's a great question, because a lot of people, I think, are out there struggling with
1:12.9	the decision of, hey, do I pay down debt first or do I go out there and invest?
1:16.9	I'm going to try to give you a little clarity in that, and then I'm also going to go over
1:21.2	consumer reports in this month's issue.
1:23.6	What's the date of this issue?
	...

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