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The Water Cooler
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Let's talk personal debt
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<blockquote data-quote="gl89aw" data-source="post: 2019919" data-attributes="member: 7257"><p>I wouldn't do either, A friend paid off his house early because of a windfall, didn't take into consideration that the taxes and insurance now had to be paid seperately. He would have been better off making the mortgage payment with a good low interest rate and investing the windfall at a higher rate which should have been easy, ended up costing him money in the long run but he did have the satisfaction of only owing the taxes and ins.</p></blockquote><p></p>
[QUOTE="gl89aw, post: 2019919, member: 7257"] I wouldn't do either, A friend paid off his house early because of a windfall, didn't take into consideration that the taxes and insurance now had to be paid seperately. He would have been better off making the mortgage payment with a good low interest rate and investing the windfall at a higher rate which should have been easy, ended up costing him money in the long run but he did have the satisfaction of only owing the taxes and ins. [/QUOTE]
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