Joseph Tavormina
Commercial Broker AssociateBeverly-Hanks, REALTORS®
NAI Beverly-Hanks
Email: [email protected]
Cell: (949) 300-0567
Office: (828) 210-3940
Team Member Since 2018
Experience
Joe has been involved in Commercial real estate on either the Corporate or the Brokerage side since the 70's. In the NY Tri-state area he was with KFC, Carvel Ice Cream, Marriott, CHI CHI's Mexican Restaurants, Cineplex Odeon Cinemas, ant…Read More
About Me
Joe relocated to Asheville one year ago to be close to his family; his daughter Anne, her husband Dan, and his 3 grandsons Beckert, Teague and Sullivan.
Living the Life
What is my home worth?
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Why isn’t it a good idea to pay off your mortgage?
Paying off a mortgage quickly doesn’t make a lot of financial sense, but it does give a lot of homeowners a great deal of comfort. For it to make sense for you, the investment’s annualized rate of return needs to earn more than the cost of your mortgage interest rate. With many homeowners sitting on some of the lowest rates in history, (3.5%–5.5%) it’s not hard to achieve a higher rate of return. What makes it hard is that there are few guarantees in investments. While the stock market has produced a rate of return close to 10% over the last 90 years, individual investments lose money every day. Even real estate can include risk from market conditions and lack of liquidity. Working with a professional financial planner and mortgage loan officer is the best way to achieve confidence in your personal financial goals.
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