I found myself in a situation a few years ago where I had enough money to totally pay off my mortgage. I chose to do so, but if I was not going to have enough to pay off the mortgage AND have a healthy e-fund as well, I would not have done so.If I were in your shoes and had 50K lying around, I would keep back whatever would add up to 6-12 months of an emergency fund - assuming you have no other debt besides the mortgage, that is.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra