MarketWatch: Should a Couple Pay Off Their Mortgage?

By Elizabeth Tuls | April 1, 2024

Aarthi Swaminathan at MarketWatch includes Edward Fernandez, president and CEO of 1031 Crowdfunding, in The Big Move column, discussing if a couple should pay off their mortgage which is set to increase or continue to invest in stocks.

“Currently, we are all anticipating the Federal Reserve will start lowering rates in the second half of 2024,” says Edward Fernandez, president and CEO of 1031 Crowdfunding. “If that is the case and the rates can get down to an affordable level, then I would refinance my home to a fixed rate and not sell my investment portfolio to pay off the loan.”

On the other hand, you don’t say whether you and your wife are still employed or are retired, which could affect your ability to make mortgage payments. If those payments become unaffordable, “then it would be time to sell some of your investment portfolio to pay off the loan,” Fernandez adds.

With the Fed expected to lower rates this year, Fernandez advises, “Don’t be in a hurry to make a mistake. Stand down, and let’s see what happens with rates.”

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