Comments on: A Better Way to Pay Off Your Mortgage Early http://biggsuccess.com/2008/09/02/a-better-way-to-pay-off-your-mortgage-early/ Life On Your Own Terms Thu, 24 May 2012 17:59:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: George http://biggsuccess.com/2008/09/02/a-better-way-to-pay-off-your-mortgage-early/comment-page-1/#comment-2850 George Wed, 03 Sep 2008 00:32:28 +0000 http://biggsuccess.com/?p=1192#comment-2850 Tim - I agree with you ... if you can earn a return greater than the 6%, you'd be better off, financially, investing the money rather than paying off the mortgage. It's also true that 6% would be a relatively low hurdle to overcome, especially in a 401k as you point out. Some people, however, just won't feel financially secure until they have no debt. Thanks for adding to the discussion! Tim – I agree with you … if you can earn a return greater than the 6%, you’d be better off, financially, investing the money rather than paying off the mortgage. It’s also true that 6% would be a relatively low hurdle to overcome, especially in a 401k as you point out. Some people, however, just won’t feel financially secure until they have no debt. Thanks for adding to the discussion!

]]> By: Tim Noice (Renee Noice Husband) http://biggsuccess.com/2008/09/02/a-better-way-to-pay-off-your-mortgage-early/comment-page-1/#comment-2846 Tim Noice (Renee Noice Husband) Tue, 02 Sep 2008 20:44:28 +0000 http://biggsuccess.com/?p=1192#comment-2846 Great point. The fees of a program, such as this, may out weigh the advantages. However, many people feel that their 401k or investments are making more than the 6%, which is the cost of the mortgage. Why would you utilize the extra $1,000 to pay the mortage down early if you could utilize the $1,000 in the 401k or investment account and stil have the tax deductability? Thanks, Tim- Great point. The fees of a program, such as this, may out weigh the advantages. However, many people feel that their 401k or investments are making more than the 6%, which is the cost of the mortgage. Why would you utilize the extra $1,000 to pay the mortage down early if you could utilize the $1,000 in the 401k or investment account and stil have the tax deductability?

Thanks,
Tim-

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