Additional House payment vs T-bills
I currently own am retired and own a house with approximately a $90,000.00 principal balance. The interest rate is 3.00200%. The maturity date is May 2037
My mortgage payment is $669.96 a month. I am currently paying an extra $184.04 a month to are the principal.
I recently heard you mention something about gov. Tbil. On ch. 9 morning news
Should I continue making the extra payment each month or should I be investing the money elsewhere that has a return rate?
Terry Says
That depends on your entire financial picture. I see no reason to pay down a 3% mortgage, when you can currently earn 5% in Treasury bills. Read this: https://www.terrysavage.com/t-bills-beat-cds/
