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re: Best way to payoff mortgage early?
Posted on 2/10/17 at 2:08 pm to cstev12
Posted on 2/10/17 at 2:08 pm to cstev12
quote:
Would it be best to invest $X per month into a decent mutual fund for the next 6-10 years and then use that to pay off the mortgage or would it be best to put the same $X towards principle every month?
Assuming I have to choose from these two options, A is clearly better than B because it preserves liquidity in the meantime. Remember that there is no benefit in paying your mortgage down, only in paying it off.
That being said, I agree with everyone else saying what's the rush?
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