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Personal Finances / Buying or Selling a Home


Subject:  Re: Paying off mortgage Date:  5/10/2000  6:57 PM
Author:  platx Number:  11139 of 128973

Did you ever get a response to your post. I'm in a similar position and deliberating whether to start accelerating payments or not.

Original Message

Subject: Paying off mortgage
Author: lou1040 Date: 5/2/00 11:58 AM Number: 10927
I have 13 years to go on a 15 year mortgage. The interest rate is 6.25% (VA loan). I determined that I can pay an additional $750 per month and pay this loan off completely in a little over 7 years.Am I betteroff doing that or taking the $750 and investing it? I realize that the savings in interest is not "taxable" income whereas the gain on the investment would be taxable income.

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