4 Costly Mortgage Mistakes Retirees Make

A loan officer identifies four common mortgage pitfalls that drain thousands from retirees' savings. Many rush to pay off mortgages early, tying up cash needed for other expenses. Others assume paying cash for a home is always best, leaving them house-rich but cash-poor. Underestimating maintenance, taxes, and future costs compounds the issue. Failing to compare investment returns against mortgage rates leads to missed wealth-building opportunities.