Team Member Since 2019
As a seventh generation Haywood County Native, Ryan is intimately familiar with the area in which he calls home. Ryan spent his childhood living in Waynesville and attended Tuscola High School and Haywood Community College.…Read More
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.