That applies for ~7% interest rate, I think. I ran the numbers for my 5.3% rate, and it only saves about 5 years on the mortgage. And you compare that to investing the same money elsewhere, and it tends to work out better.
That said, there's an emotional aspect to paying off one's mortgage.
Adam -- WNY, indeed. What's happening in Saratoga to boost housing? Ah well. No earthquakes. No two hour commutes. No droughts.
That said, there's an emotional aspect to paying off one's mortgage.
Adam -- WNY, indeed. What's happening in Saratoga to boost housing? Ah well. No earthquakes. No two hour commutes. No droughts.