The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/i-also-think-its-a-bad-idea-if-you-have-any-29635116.aspx

Subject:  Re: Refinance Home to Invest Date:  10/28/2011  5:15 PM
Author:  op456op Number:  69725 of 76390

I also think it's a bad idea. If you have any extra money monthly and plan to live in the house for a long time I would make a principal payment to the mortgage so you could get it paid off sooner.

It'll be like making 4.75% return on that extra money until it's paid off and then you'll have all of that mortgage payment to invest.

It is a great feeling to have a mortgage finally paid off.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us