Comments on: Jonathan Clements on Mortgages http://allfinancialmatters.com/2007/05/23/jonathan-clements-on-mortgages/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 25 May 2012 00:18:02 +0000 hourly 1 http://wordpress.org/?v= By: » Weekly Readme on Blueprint for Financial Prosperity http://allfinancialmatters.com/2007/05/23/jonathan-clements-on-mortgages/comment-page-1/#comment-107153 » Weekly Readme on Blueprint for Financial Prosperity Sat, 26 May 2007 16:45:46 +0000 http://allfinancialmatters.com/2007/05/23/jonathan-clements-on-mortgages/#comment-107153 [...] JLP takes a look at Jason Clements view on mortgages. [...] [...] JLP takes a look at Jason Clements view on mortgages. [...]

]]> By: Frank Kelly http://allfinancialmatters.com/2007/05/23/jonathan-clements-on-mortgages/comment-page-1/#comment-106933 Frank Kelly Sat, 26 May 2007 00:11:42 +0000 http://allfinancialmatters.com/2007/05/23/jonathan-clements-on-mortgages/#comment-106933 How soon we forget! Remember the late 70s and early 80s - stocks had been down for quite some time and mortgage interest rates were well in the double-digits - in that environment I'm sure everyone was telling you to pay down your mortgage and avoid stocks! -Frank How soon we forget! Remember the late 70s and early 80s – stocks had been down for quite some time and mortgage interest rates were well in the double-digits – in that environment I’m sure everyone was telling you to pay down your mortgage and avoid stocks!

-Frank

]]> By: Jefferson Otwell http://allfinancialmatters.com/2007/05/23/jonathan-clements-on-mortgages/comment-page-1/#comment-106652 Jefferson Otwell Thu, 24 May 2007 19:04:25 +0000 http://allfinancialmatters.com/2007/05/23/jonathan-clements-on-mortgages/#comment-106652 What this says about mortgages vs 401(k)s is all too true financially -- as is the advice about not borrowing more than one can afford. But the nature of the owner-occupied mortgage is that often decisions are made on other-than-financial grounds. After all, one's home is more than an investment. Prepaying a mortgage may make less sense than investing, but for some people the idea of owning their homes free and clear can be more compelling than free money from matching funds. I am not saying that that is financially prudent, but it is an honest response to the issue. What this says about mortgages vs 401(k)s is all too true financially — as is the advice about not borrowing more than one can afford. But the nature of the owner-occupied mortgage is that often decisions are made on other-than-financial grounds. After all, one’s home is more than an investment.

Prepaying a mortgage may make less sense than investing, but for some people the idea of owning their homes free and clear can be more compelling than free money from matching funds. I am not saying that that is financially prudent, but it is an honest response to the issue.

]]> By: savvy http://allfinancialmatters.com/2007/05/23/jonathan-clements-on-mortgages/comment-page-1/#comment-106539 savvy Thu, 24 May 2007 15:23:46 +0000 http://allfinancialmatters.com/2007/05/23/jonathan-clements-on-mortgages/#comment-106539 Good article! I know that contributing the max to our 401(k)s and Roth IRAs has served us well. Missing out on the tax benefits of those two vehicles is probably one of the biggest financial mistakes a person can make. Good article! I know that contributing the max to our 401(k)s and Roth IRAs has served us well. Missing out on the tax benefits of those two vehicles is probably one of the biggest financial mistakes a person can make.

]]> By: Christopher smith http://allfinancialmatters.com/2007/05/23/jonathan-clements-on-mortgages/comment-page-1/#comment-106388 Christopher smith Wed, 23 May 2007 19:39:33 +0000 http://allfinancialmatters.com/2007/05/23/jonathan-clements-on-mortgages/#comment-106388 Good post. I can't think of many cases in which pre-paying a home mortgage makes much sense. Good post. I can’t think of many cases in which pre-paying a home mortgage makes much sense.

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