For many folks, the urge to pay off a mortgage seems to strike when the layoff notice arrives.
That's my conclusion based on e-mails I've received during the current recession. More than once, readers have asked whether it's a good idea to take a lump sum from their retirement nest egg and make a giant payment to wipe out their mortgage balance.
Looking for financial advice? Click here to send David your questions and they might end up as a topic for his next column.
The thinking is that...Full Story