VIDEO : Who Should — And Should Not — Be Paying Down Their Mortgage
Financial advice is rarely one-size-fits-all, but this interview with Suze Orman is worth a watch.
In 5 minutes with NBC’s The Today Show, Ms. Orman covers a ton of relevant ground for homeowners and the public-at-large:
- Who should — and shouldn’t — be paying down their mortgage
- What backlash to expect from the Dow’s 40% run-up since March
- Why July 2009 is so different of an environment from July 2008
Then, as a bonus, Orman explains the relationship between bond prices to bond yields. It’s the heart of why mortgage rates rise when inflation is present.
A lot of what Orman talks about is spot-on, but that doesn’t necessarily make it appropriate for your individual situation. Before acting on Orman’s opinions, talk to your financial professional first.
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