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Money and Finances
Reply to "Paying off the morgatge, good or bad idea?"
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[quote=Anonymous]If you could pay off your mortgage, would you? In our case we could pay 2/3 off now and the other 1/3 in about 3 years. After the 3 years we would save $900 per month by not paying principle and interest on the mortgage. Or we could continue paying the mortgage for 25 more years (or until we move) and take the money ($100 now and $75k more in 3 years) and invest that in index funds instead. The investing is my idea because the money is not tied up and the paying the mortgage is my husbands idea. I am worried about having all that money tied up in one thing (the house) exspecially reading about all the floods in the south and the lava fires in Hawaii and how insurance does not pay for these houses to be rebuilt. So which would you do? [/quote]
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