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

Hometown Mortgage Corp.

4200 State Hwy 30

Amsterdam,

New York

12010

We write government insured loans including FHA, Reverse for Seniors, USDA(Farmers Home) and VA for veterans.

(518) 527-4647

Hometown Mortgage Corp. (NMLS# 8166) is a Registered Mortgage Broker - NYS Department of Financial Services License A004823.
All loans are arranged thru third party providers.