Dan Nathan Cnbc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mortgage . Cnbcs Senior Correspondent has a great piece about it today on cnbc. Com, for a lot of homeowners is it a great idea or not such a great idea . Sharon will join us what do you say . Well, tyler, you know this is a question that many Financial Advisers have to answer as well for their clients, and, of course housing debt is a major concern for boomers since for many it is their biggest expense. Data from the demand institute shows that the median outstanding mortgage balance for 50 to 69 yearold household, more than doubled from nearly 49,000 in 1992 to 118,000 in 2013. Since most boomers plan to stay in their current home in retirement they may be saddle with the debt for decades more. Why get rid of it . Advisers say not so fast. Balance paying off the mortgage with saving and retirement crunch numbers first. A well diversified portfolio returning 7 in t ....

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