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Home / Blog / Headlines & News / Wall Street Journal: 9 Reasons to Love Your Mortgage

Wall Street Journal: 9 Reasons to Love Your Mortgage

August 5, 2014 By Mary Catchur

Jonathan Clements, in a recent article appearing in The Wall Street Journal, gives 9 reasons to love your mortgage.

All of the reasons are very insightful, but the most important reasons to love your mortgage is that it’s the cheapest way to borrow money.

I’m not crazy about carrying debt. But if you need to borrow, a mortgage is the way to go. The interest incurred is typically tax-deductible and the rate should be low, in part because the loan is secured by your home. If you have other debt, you probably could lower your borrowing costs by paying off those loans and instead carrying a larger mortgage.

9 Reasons to Love Your Mortgage

Here are all nine reasons given by The Wall Street Journal:

  • It’s your cheapest way to borrow.
  • It’s a negative bond.
  • It leverages your entire financial life.
  • It’s a backup source of emergency money.
  • It makes inflation your friend.
  • It lets you profit from falling interest rates.
  • It’s an effective way to build wealth.

Learn more about these reasons to love your mortgage with Mt. Clements’ thought provoking article: Nine Reasons to Love Your Mortgage.

Additional Resources:

  • 4 Reasons to Consider a 15-Year Mortgage
  • Your Credit Score Affects How Much You’ll Pay for a Mortgage
  • How Much Can I Afford for a Monthly Mortgage Payment?
  • How to Get the Best Mortgage Rate
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Filed Under: Headlines & News Tagged With: Mortgage

Opinions, estimates, forecasts and other views contained in this page do not necessarily represent the views of Marimark Mortgage or its management and should not be construed as an offer to provide financing at the rates or terms mentioned. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval. Although Marimark Mortgage attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. Information from this page may be used with proper attribution.

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