Posted by RodInNS on March 08, 2014 at 07:43:37 from (216.118.158.123):
In Reply to: paying off mortgage posted by austin carpenter on March 08, 2014 at 06:18:21:
If you can get a better guaranteed return on your money from an investment then it's probably just as well to do that rather than pay off the mortgage... especially if that investment is fairly liquid and you have a floating rate mortgage that could be paid out at any time. If you get into pre payment penalties, all the more reason to not pay it out. On the other hand.... if you're just going to store money in a bank account or term deposit where it makes less that your mortgage interest and there's no pre payment penalty for early payment... best money you're going to make is by paying the damn thing off. At the end of the day tho.... do what makes you most comfortable. It's your money.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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