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Real Estate
Reply to "Extra monthly cash: pay down mortgage or save for downpayment (not the same thing!)"
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[quote=Anonymous]I think this is a push with respect to getting you into a new house faster. But you are probably paying say 4% in interest and you're only going to make 1% in a savings account, so this argues towards paying down the mortgage. But unless you are in a position to buy a new house without selling your old house, it's not going to help you get in a new house. That being said, if $30k is all the savings you have in the world, I would keep saving. Cash is king.[/quote]
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