For many, buying a home is the largest investment they’ll make, so it stands to reason that the decisions we make with mortgage loans matter. Yet, there are several persistent, predictable “mistakes” that are observed with mortgages.
On this episode of The Behavioral Divide presented by Avantis Investors®—and part two of our Beyond the Math miniseries—Professor Hal Hershfield interviews Columbia Business School Professor Eric Johnson and Lake Tahoe Wealth Management CEO, Debbie Grose, to examine the psychological drivers that affect mortgage decisions like choosing a type of loan, deciding whether to refinance, or evaluating whether to pay off or maintain a mortgage. They’ll discuss common pitfalls found in the academic research and from the perspective of a financial advisor, along with ways we might overcome them.
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Important Disclosures
The views expressed in this presentation are the speaker’s own and not necessarily those of American Century Investments. This presentation is for general information only and is not intended to provide investment, tax or legal advice or recommendations for any particular situation or type of retirement plan. Please consult with a financial, tax or legal advisor on your own particular circumstances.
Hal Hershfield is not affiliated with American Century Investments.
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