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You should also call the bank that issued the CD, depending on the interest rate of the CD it could be in their best interest to let you cash out the CD’s early and they might be willing to waive the penalty. It doesn’t cost anything to ask.

While it is unlikely to make financial sense for paying off a mortgage, one scenario to run the numbers on would be to get a margin loan from your broker to pay off the house until the CD’s mature.

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