Many people now a days believe that the sooner you pay off your mortgage, the better of you will be. After all, your mortgage is a debt, and all debts should be extinguished, correct?
They also believe that the more principal that is paid down on their mortgage, the faster equity will grow and the more secure their investment in the home will be.
Nothing could be further from the truth.
To put it bluntly: the more equity you have trapped in your home at any given time, the less safe it is.
To further help you in understanding this, I want you to listen to this audio by Douglas Andrew, Expert Financial Strategist and author of the best selling book “Missed Fortune 101″
[audio:Dispelling_Home_Equity_Myths.mp3]
For further learning, I want to strongly encourage you to order Doug’s book from Amazon.Com
