Blog

Benefits to Mortgage Debt

In order to buy a house, most Americans take on a mortgage loan. While debt is usually to be avoided if possible, when it comes to a mortgage there may actually be some financial benefits for borrowers. Liquidity If you dump all your extra funds into paying off your mortgage, you may be in a tight spot if you face a financial emergency. Family deaths, divorce and health traumas are just a few things that can quickly rack up enormous debts. If you do not have a sizable emergency save up and you have been sinking all disposable cash into your home, you may end up selling your home to pay f...

June 5th, 2019 | Debt, Credit, Mortgage, Benefits to Mortgage Debt

BLUE RIBBON MORTGAGE & INVESTMENTS

NMLS#175203 

2025 Jackson Boulevard
Rapid City, South Dakota 57702
605-343-8087
FAX: 605-343-6018
christina@blueribbonmortgage.com
Branch Manager: Christina M. Riemenschneider NMLS# 175203