South Carolina Business Review

Should you pay off your mortgage early?

By Mike Switzer

Published August 29, 2023 at 11:23 AM EDT

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Paying off your mortgage early can seem like a great idea - who wouldn't want to own their home free and clear and stop making monthly payments? But is it always the best move financially? We’ve invited our next guest to the show today to help answer that question. Mike Switzer interviews Garet Strange, a certified financial planner with Hobbs Group Advisors in Columbia, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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