Housing

There’s a real sense of relief that comes with owing the bank less — every prepayment is money that will never accrue interest again. Whether that’s actually the best use of your money is a genuinely close call, and it comes down to one comparison: your mortgage rate versus what your money could earn in…

There’s a real sense of relief that comes with paying off a mortgage — no more monthly repayment eating into your paycheck and no more interest quietly accumulating in the background. Getting there is a little more complicated than expected. There are two separate legal steps — redeeming the loan, then discharging the mortgage. Redeeming…