mortgage paydown?
We have a 15 year mortgage on our home at a 2.45 interest and have about 10 years left. Is there a way to pay it down quickly without having to give more per month? someone told me splitting the principle from the interest makes it easier to pay down the loan. Is that true?
Terry Says
Don’t pay it down!!! That low-rate mortgage is a gift! Instead, put extra money into your IRA, or after-tax savings every month — where it can safely earn 4% in CDs or Tbills!
