May 27, 2007

Now not time to pay down mortgage

“A higher mortgage borrowing rate makes it less profitable to stop prepaying, while a higher investment return makes it more attractive to invest in a tax-deferred account”

WHEN the housing market brakes, millions of homeowners who think they are going to stay in their home for a while start asking a common question: Is it time to pay down the mortgage? After all, adding extra … via Inside Bay Area

Original post by Inside Bay Area

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