Mortgage Payoff

Debt pay down plan options…

Option A: Keep paying my mortgage at a steady rate. Have more (liquid) cash in your savings. Eat the PMI. Sell when you want.

Option B: Pay off my mortgage as fast as possible due to the PMI. Have less cash in savings. Sell when you want.

Option C: Pay off my mortgage as fast as possible. Keep the house.

 

Not sure what to do. Any advice?


One thought on “Mortgage Payoff

  1. Depends on your age and the interest rate. Mortgage (with a decent interest rate) is just basically a savings tool. You need to set aside so much every month instead of paying a rent. Then after a few years you cash in.

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