If you’re looking to purchase your first home or thinking about selling your current home to make an offer on something new and exciting, you may be wondering how much of your budget should go towards a monthly mortgage payment.
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If you’re a homeowner, you’re probably looking forward to the day you hand over that final mortgage payment. But as we age, we increasingly think about our needs for retirement: how much money we’ll have to save, how and where to save it, its preservation and growth potential, our level of taxation and more. Should we be focused on paying down our mortgage, or is saving for retirement the real priority?
