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URL:  http://boards.fool.com/balancing-debt-vs-investing-30456165.aspx

Subject:  Balancing debt vs Investing Date:  12/29/2012  1:25 PM
Author:  Charmaine102 Number:  306555 of 308782

I am finally at a point where my only debt is my mortgage at 5.25% a second at below prime and $10,000 left on a massive student loan at 7%.

I would like to start investing and also considering purchasing a beach house for rental income.

My question is: Should I pay down my mortgage to refinance it at 3.25% (the value of my home is what I owe because of the market values.) and pay off my student loan. (I am not able to deduct the interest because of my income.) Or can I start investing in stock? I hope to retire in 15 years.

Second question would be on buying a rental property. This would put me back into debt but would allow me to fulfill a dream of owning a beach home.

Thank you in advance for any advise.
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