Read? Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (8)
Besides one does get a feeling of freedom when one is debt free; it may actually make it easier for the wife to make a decision to quit working and becomes a stay-at-home mum to look after kids.
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10 minutes ago
Hi CW,
ReplyDeleteBut if you have cash but do not redeem your housing loan, that cash can be put to better investment yield. Also, the mortgage insurance helps to cover for any mishap. Just looking from a different perspective, especially now that interest rates are really low.