Thread: Mortgage Rates
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Old 12-20-2008, 12:20 PM
  #12  
LittleMrs
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Join Date: Dec 2007
Location: Clearwater, FL
Posts: 529
Default Re: Mortgage Rates

Ray Zor - 12/20/2008 3:08 PM40K for 15 years. I hope to get 4% apr with this term.
I look at it as earning 115K over then next 15 years since this is what the finance charges will run me.

Actually, I am strongly considering paying entire note off. I have more than enough in savings to do this.

Thoughts?

I am open to any opinions on this plan.........
That depends on how confident you are in the stock market and how confident you are in investing. Personally I would invest the 40K rather than paying off the entire note - once the market hits bottom (if it hasn't already) then you should be able to get a larger return then you'd save in the interest payments.
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