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Subject: "With mortgage rates currently around 3-4% I wouldn't pay it off." Previous topic | Next topic
soulfunk
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11006 posts
Fri Mar-20-15 12:21 PM

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2. "With mortgage rates currently around 3-4% I wouldn't pay it off."
In response to In response to 0
Fri Mar-20-15 12:40 PM by soulfunk

  

          

Maybe pay at an accelerated rate and invest the rest. Depending on how much time is left on your mortgage you could refi from a 30 year into a 15 year which would typically give you an even lower rate.

But if you can invest and make more than that 3-4% you're paying in interest on the mortgage, then investing makes more sense.

  

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OKHomeowners - Pay off mortgage or invest? [View all] , KosherSam, Mon Mar-23-15 02:08 PM
 
Subject Author Message Date ID
i'd pay off the mortgage bc its the safest of the two
Mar 20th 2015
1
^^^
Mar 20th 2015
5
listen to this guy, verbatim.
Mar 20th 2015
9
^^^ all this. if you dont have a 3-4% mortgage rate
Mar 22nd 2015
26
compound interest
Mar 20th 2015
3
pay off that mortgage. 'Diversify ya bonds' by putting that same mortgag...
Mar 20th 2015
4
We had a windfall RED
Mar 20th 2015
6
Pay it off
Mar 20th 2015
7
Keep your cash first off
Mar 20th 2015
8
Pay it off. The home is a safer investment than anything else out there
Mar 20th 2015
10
this is me ^^^ Pay the crib off now....
Mar 20th 2015
12
if u think you can get higher ROI than mortgate rate
Mar 20th 2015
11
pay off debt before savings/investments. (c) Suze Orman
Mar 20th 2015
13
ionno if she would agree with that one.
Mar 20th 2015
23
No guaranteed return in the stock market.
Mar 20th 2015
14
two questions... do you plan on moving soon?
Mar 20th 2015
15
probably not a 30-year house. More like 10.
Mar 21st 2015
24
pay it off and use mortgage money to invest
Mar 20th 2015
16
is that mortage in Bumfuckt Arizona?
Mar 20th 2015
17
no, it's on the home I live in
Mar 20th 2015
19
      then red
Mar 20th 2015
21
depends on how long you're going to stay in that house.
Mar 20th 2015
18
Hold on to that money...
Mar 20th 2015
20
that's a cinch.... c'mon ask us a hard one.
Mar 20th 2015
22
invest
Mar 22nd 2015
25
i think the financially savvy move is to invest it. but i'm conservative
Mar 22nd 2015
27
invest. having a monthly mortgage to pay off
Mar 22nd 2015
28
investing makes more sense. i try not to look at where i live as
Mar 23rd 2015
29

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