Freedom Day

Should you pay off your mortgage (s) or save and invest your money? Your Freedom Day is the day you havce enough savings and investments to pay off your mortgages if you choose to do so. Having your money seperated from your house not only allows you to earn income on the investments, but provides you more security along the way.

Your mortgage company has the right to foreclose if you fail to make payments whether you have no equity (100% financing) or 99% equity (1% financing). Every principal payment you make gives your lender more security and more of your equity is at risk.

Work toward your Freedom Day and give yourself more security along the way.

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