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[quote=Anonymous]If you've got 11 years left on a 15-year mortgage, you are already paying down principle at a good clip (you can Google a 15-year amortization schedule to see where you stand). The thing to remember about pre-paying a mortgage is that you are effectively increasing the interest rate, by giving the bank back its loan principle while you continue to pay according to the amortization schedule. It may feel good, psychologically, but it will cost you. I would go with a combo of options 2) and 3) if I were you. [/quote]
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