The Federal Survey of Consumer Finances conducted a study that showed the number of retirees who are carrying mortgage to retirement have soared higher. Financial planners are concerned about the big debts retirees take upon themselves. Nonetheless, a lot of financial analysts concluded that this is not a sign of financial distress. Still, there are good things about this matter. In fact, it can turn into a better deal, say paying a low mortgage rate of 3%. Also, Americans are actually taking debts as part of their living to sustain a descent lifestyle, this fact is based on another research. So if you are nearing retirement, and your mortgage is still all lined-up, worrying is not necessary. There are low-interest mortgage loans like Chattanooga home loan that can help you not to stress yourself when retirement approaches. Learn more about it. Log on to http://chattanooga.churchillmortgage.com/.
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