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re: I have two mortgages... which should I pay off first?
Posted on 5/15/18 at 12:01 pm to AndyJ
Posted on 5/15/18 at 12:01 pm to AndyJ
I assume you're itemizing deductions with two mortgages, which lowers your effective rate even more. With rates that low your ROI might actually be around zero once you take inflation into account.
I wouldn't do it - not because you have better options elsewhere but because it could wind up having zero return. Why invest in something that literally pays nothing?
I wouldn't do it - not because you have better options elsewhere but because it could wind up having zero return. Why invest in something that literally pays nothing?
1
Posted on 5/15/18 at 12:19 pm to foshizzle
I would look at those interest rates as being the same....
Which one do you think you should knock out first?
Which one do you think you should knock out first?
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