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Looking for opinions on paying down mortgage
Posted by Sam (more from Sam) on Tue, 2 Feb 2021 08:42:41
I hold Saabnet readers in the highest regard and would like to hear your opinions. Plus you’re easier to access than Suze Orman.
I just did a refi in order to take out money to reduce debt and better rate. Went for a 30 year. At 52, is it wiser to payoff mortgage early (add extra payments to knock off in 15) or to make the minimum payment and put money into stocks/funds/savings.
On one hand, I want to retire one day and not have a mortgage payment. On the other, at 2.8% why rush when you could invest. I will be disciplined either way. And of course, could stop high payment if a financial crisis.
Thank you all!!!!
posted by 47.18.23...
Posts in this Thread:
- Looking for opinions on paying down mortgage, Sam, Tue, 2 Feb 2021 08:42:41 <-- Viewing This Message
- Re: Looking for opinions on paying down mortgage, DaveofFairfax , Thu, 11 Feb 2021 14:27:20
- Re: Looking for opinions on paying down mortgage, Randy Thatcher , Thu, 11 Feb 2021 13:40:151
- Re: Looking for opinions on paying down mortgage, Notnoel , Thu, 11 Feb 2021 10:13:572
- Re: Looking for opinions on paying down mortgage, Cary, Wed, 10 Feb 2021 16:03:18
- Re: Looking for opinions on paying down mortgage, Roger_S , Wed, 3 Feb 2021 10:50:00
- Thanks! Appreciate the input. n/m, Sam, Tue, 2 Feb 2021 16:23:11
- Re: Looking for opinions on paying down mortgage, Scott Paterson , Tue, 2 Feb 2021 11:37:40
- Re: Looking for opinions on paying down mortgage, JerseySaab , Tue, 2 Feb 2021 11:07:111
- Re: Looking for opinions on paying down mortgage., EGD , Tue, 2 Feb 2021 11:04:41
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