Here are a couple of additional ideas.refinance into a HELOC or aggressive ARM such as a 1 yr arm or a LIBOR 6/month arm to cut your interest rate in half. Since you have a bunch ofcash in the bank you don't need the protection of a fixed rate. If the rates go upthen you can use your cash to pay down the mortgage, assuming you are disciplinedenough to hold on to it. And in the mean time you get the benefit of a really low rate(I think 3.0 is what I saw for the 1yr ARM mortgages) right away.The HELOC should have small closing costs, and you can get a pretty attractive rate.this will let you benefit some from any additional payments you make as whenthe interest rates adjust, they reamortize the loan for the remainder of the time left.Then you may feel that you can buy a ladder of long term CD's that get better interestrates than your mortgage with some of the money. Or pay down some of theprinciple, as you decide you want to, or invest in something more agressive.0xF00L
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