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We have enough cash to pay off the house. We want my wife to stay home when a lil one arrives, so paying off the house and removing that monthly expense is more important than what can happen to ... Either the article omits some assumptions of the study, or the study is flawed. It is far better to pay off the mortgage early.
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www.moneyandhappiness.com/blog/?p=13
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To sum it up, there are many factors that affect your decision to prepay your mortgage or invest your money. In order to find the right answers, all of these factors must be considered carefully.
http://www.moolanomy.com/474/dave-ramseys-baby-step-6-p...
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WEST LAFAYETTE, Ind. – A Purdue University professor asks: If you receive a $100,000 windfall, would it be better to pay off your home mortgage or to invest the money? ... Consider: the mortgage payoff for your house is $100,000 on an 8 percent, 30-year, fixed-rate loan when the windfall arrives. If you pay off the mortgage,
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www.purdue.edu/UNS/html4ever/010712.Williams.windfall.h...
www.purdue.edu/UNS/html4ever/010712.Williams.windfall.html
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Is it better to pay off the house mortgage or invest? Money and Investing ... Is it better to invest in your retirement, get some % back from the govmnt OR pay off 10% of your mortgage every year which translates to roughly $75K in interest savings (every 100K borrowed) and considerably shorter time to pay off your house.
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www.honda-tech.com/zerothread?id=1509583
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Also, 20 years from now your mortgage payment will be laughably small. Because of inflation, you're essentially taking full value dollars now to pay off smaller, future dollars. 3) Risk. It's financially risky to have most or all of your assets tied up in one thing, your house in this case.
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www.fool.com/imo/2002/a020423.htm
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Pay Off The House? Not So Fast; ... If you can earn more than 4% after tax, you're better off not prepaying the mortgage. Of course, if you don't think you'll have the discipline to invest the money, or if you're close to the end of the mortgage anyway and the tax benefits have dwindled, you just might pay it off.
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www.businessweek.com/magazine/content/07_06/b4020112.ht...
www.businessweek.com/magazine/content/07_06/b4020112.htm
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For the undisciplined, the mortgage-accelerator program makes the additional principal payments automatically. That's the real hook to this program: Unless you spend the money by drawing against the line of credit, your paycheck goes toward paying off the house. ... Find a better broker for 2010...
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articles.moneycentral.msn.com/Banking/HomeFinancing/ANe...
articles.moneycentral.msn.com/Banking/HomeFinancing/ANewWayToPayOffYourHouse.aspx
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First off, can he do it? As it turns out, first-time homebuyers can withdraw IRA funds to help finance their purchase. As far as I’m aware, however, you cannot withdraw funds to pay off a house that you bought previously without incurring a penalty.
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www.fivecentnickel.com/2007/06/01/cash-out-roth-ira-to-...
www.fivecentnickel.com/2007/06/01/cash-out-roth-ira-to-pay-off-house/
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