Let's talk personal debt

[FullAuto]

If you had the ability to pay off your mortgage, or you finally got to the point that you did, would you...

A. Pay off your mortgage and use your prior house payment money to invest.

B. Refinance your mortgage while rates are low and use the money to invest in something with a higher return. You can also use the mortgage deduction (if it stays) with this plan.

I think B is the smart move, but I'd sure sleep better with plan A.

What would you do?

 

[piston10]

If you had the ability to pay off your mortgage, or you finally got to the point that you did, would you...

A. Pay off your mortgage and use your prior house payment money to invest.

B. Refinance your mortgage while rates are low and use the money to invest in something with a higher return. You can also use the mortgage deduction (if it stays) with this plan.

I think B is the smart move, but I'd sure sleep better with plan A.

What would you do?

Plan A for the win. Its always better to be debt free.

 

[cyberslider]

Plan A

 

[rhodesbe]

Debt is an absolute, while 'investment' denotes some form of uncertainty.

I'd pay off the mortgage, and keep the equity as far away from risk as possible.

 

[okla1911]

A.....this is a no brainer.

 

[XD-9Guy]

I would absolutely choose A... every time.

 

[mhphoto]

Pay that bastard off.

 

[Wheel Gun]

Get out of debt. No question.

 

[foghorn918]

asked and answered see posts 2 thru 8

 

[OKCShooter]

Guess you got your answer.

I chose A