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Originally Posted by MikeSmoke
not necessarily - if you take the money and invest it in CDs or other quality investments paying around 5%, you're not really taking on more risk - you're just earning 5% compounded, on money that would be held by the mortgage company paying you zero.
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Maybe things are different up your way, but around here any EXTRA funds you put into your mortgage account result in a savings on your monthly interest bill. It's also effectively tax free since it's a discount on what you owe, rather than income earned. That means if you pay 5% on your mortgage and 50% in income tax, every extra dollar sitting in your account saves you the same as an investment paying 10% after tax.
Here's more info on the concept...
http://www.fyibox.com/for-your-infor...free-interest/