Your Mortgage And Your Retirement

“Do I want or not want a mortgage after I retire?” It’s an excellent question that every homeowner should ask however every situation is different so there is no easy answer.  First and foremost – be open to hearing many solutions.  The best solution for you may not be the one you are leaning towards so it’s important to be open to ideas even if at first you think the idea is not very good.  Second; do your research and ask questions.  Third; be realistic.

California Home

Tax Implications:

While everyone would love to be debt free including no mortgage the reality is having some debt (provided it’s manageable) can provide benefits.  There are tax benefits to having a mortgage, when you payoff your mortgage you lose your mortgage deduction.  If you payoff your mortgage that money is not liquid; and if you need the funds asap you might have to sell your home for less than it’s worth to get your funds fast.  When you payoff a mortgage you miss out on other investment opportunities and with interest rates below 4.00% it’s not too hard to find investment returns above that.  So if you have a mortgage; make sure you have a low mortgage rate at terms you can easily afford.

No Monthly Payment:

Not having a monthly mortgage payment is a great feeling and knowing you truly own your home provides a certain level of comfort and satisfaction.  Not having the monthly payment opens you up to possibly investing in a rental property and/or freeing up monthly cash flow (which is huge for fixed income homeowners).

JB Mortgage Capital, Inc.:

There are benefits to both and important to make sure you take your time, do your research and ask lots of questions to figure out the best solution for your short and long term goals.  If you have any questions or would like a no cost/no obligation quote please contact us directly at 1-800-550-5538.  We have a top rating with the Better Business Bureau and the Business Consumers Alliance, great customer service and industry low mortgage rates.

Current Mortgage Rates:

If you are looking for current mortgage rates we have you covered on our current mortgage rates page. We’ll not only keep you up-to-date with where mortgage rates are at but also cover important bond market information and general economic news that may influence mortgage rates.

Loan Officer Kevin O'Connor

Loan Officer Kevin O'Connor

He is the founder and main contributor of He has over 16 years of experience as a Mortgage Loan Originator (MLO) and is fully licensed with the state of California and the Nationwide Mortgage Licensing System (NMLS). He has a top rating with the Better Business Bureau, Google, and Zillow. He continually delivers the results homeowners are looking for; low rates, fast closings, and exceptional service. CA DRE #01499872 and NMLS # 247447