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Nesgroup address: misc.consumers.house - Date & Time for the message: /

Author of the message: spambait@milmac.com (Doug Miller)

Title of the message:
Re: Should one pay off one'e home mortgage ?

Text of the message:
In article <1112551499.906096.128020@l41g2000cwc.googlegroups.com>, avacohen100@yahoo.com wrote:

>Should one pay off one'e home mortgage ?

a) Not if you can invest the money at a higher rate of return than you're
paying on your mortgage.
b) Not if you have other debt at higher interest rates, such as credit cards
or auto loans. Pay those off first.

>
>If one has the money should one pay off one's home mortgage ?

a) Not if you can invest the money at a higher rate of return than you're
paying on your mortgage.
b) Not if you have other debt at higher interest rates, such as credit cards
or auto loans. Pay those off first.

>Under what circumstances should one:
>-pay off the mortgage

If the effective interest rate (after taxes) is higher than the effective
interest rate (after taxes) that you could earn from investing the money
instead, then you're obviously better off to pay the mortgage off.



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