Quote:
Originally Posted by NORMAL550GIRL
The standard line is to never never pay your mortgage off early in exchange for sacrificing cash into retirement funds and/or paying off credit card debt. The reason for that is that mortgage interest is tax deductible, and even though it's tempting to be completely debt-free, you'll need every penny in those IRAs when it's time to retire. [/URL]
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Afchic:
This.
But if it really is something you want to do why not just go biweekly with you payments? It will take a lot of time of your mortgage, because you will be paying less interest. It shouldn't cost anything just make the call to you bank. Or you could start makeing some principal only payments with any "extra cash" you have. That way if something came up and you needed that money you don't "have to" pay more if you don't want to. I like to leave my options open. My .02
V/r
Anevolution