Pay Off Mortgage In Shortest Time Or Longest Time?

[bepgof 20]

If can $ in hand can make more returns than the interest incurred ever year, then stretch the loan and use te $ to invest.

If cannt make sufficient return to cover, then pay up asap

Everybody knows this. Actaul happenings not always follow plans. Need monitoring & controlling on & off, quite tiring. Once off guard, whole boat capsize easily. So, as far as one could, don't sit inside the boat!

Edited June 15, 2010 by bepgof

[Galeel 0]

According to Warren Buffett legendary investor of all time, when the tide goes out you will find out who's naked. Being in debt can only last so long. And if your home values fall or there is a stock market collapse you will quickly know if you are in a position to afford your home. If the greatest investor of all time can tell us to be debt free and invest in what we know, maybe we should take some lessons from him.

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