Purely from financial point, whether it is a good idea to pay off the house mortgage? - mortgage compounding
I thought that most of the mortgage interest and compound interest, then pay a surcharge to the monthly mortgage is a bad idea if these additional funds can be used for further investment (and not as food) are watching. But many financial advisers recommend, always. I thought that this bank is the worst idea bcause investment earns more money because the additional payments for the repayment of past loans initially calculated that the payment is only a small portion of the interest. Is that correct?
Saturday, January 16, 2010
Mortgage Compounding Purely From Financial Point, Whether It Is A Good Idea To Pay Off The House Mortgage?
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2 comments:
Pay a higher interest rate items first, but do not get behind something.
In addition to the above calculations .. Ask yourself how your house? If this sounds like a good investment ... If you see it as a place where you live, the fairness while making regular payments, while earning money for their appriciation costs ... So in this case I would say that the additional payment is a bad idea. As mentioned above for all math, you better invest the money in a fund or a CD that gives you more than you pay for your home mortgage interest (subject to the tax deductions) ..
In another case, see his house as an active emotional. You want to have more. And if you buy more, you have the peace of mind .. So go ahead and pay (me).
Even if you are the kind of person who spend the extra money if you do not continue to pay your mortgage, please go to pay in advance.
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