People who have mortgage liabilities should pay them off as soon as possible, Justin Hooper of Fincorp says, clarifying points made in the "Property buying versus renting" debate. Hooper said those who already have mortgages should not invest in the stock exchange instead of paying off the mortgage.
He says his advice to those considering buying a home and taking a loan, is that they should consider the long term financial implications and the overall balance of their assets.