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Thoughts On Mortgages – #FLMonth

by Don Current on April 24, 2011

Julia from has an awesome question to challenge the way we think about money:

Question: What is more important to you?

A) Knowing your mortgage interest rate
B) Knowing the remaining balance owed on your mortgage
C) Knowing the equity position on your mortgage

Once you answer the question, give yourself another minute to think about why you answered that way and what about the other options? Did you answer “interest rate”? Well then, why not the remaining balance? Isn’t the goal to pay off the mortgage instead? Or why did you choose the “equity position”? Are you looking to use the equity for the purchase of a car or cruise? Think about it….