No. of Recommendations: 0
Age is also related to home-finance decisions. My brother recently refinanced to a 15-year fixed at 2.65%. He plans to retire in his late 60s, 5-8 years from now, and is saving to pay off the mortgage in full at retirement. (He will retire on a single person's Social Security benefit and his small-business-owner SEP-IRA and wants to keep ordinary living expenses as low as possible in old age in case of expensive health issues, major recession, or other financial challenge when going back to work to make extra money is no longer feasible.)
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.