Various Type of Mortgage
Using your lump sum to clear the mortgage may leave you with inadequate income in retirement. Also, the lump sum is payable upon retirement, so your loan term may be more than 25 years. Poor investment performance may adversely affect the amount of the tax-free lump sum, leaving insufficient funds available to repay the loan at the end of the agreed term.About the Author:Click to find more on Mortgage Type, Debt Lender and Credit ScoreArticle Source: ArticlesBase.com - Various Type of Mortgage
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