Pay Off Mortgage with Savings?

Posts : 321 Join date : 2013-09-15

Worth 6 1/2 minutes
Article | Ric Edelman
Ric helps a man decide whether it's better
to pay off his mortgage or continue with monthly payments.

Posts : 148 Join date : 2013-03-06 Location : NE PA

This can be said for any loan. And my thoughts on it are its better to just pay on it, at least for me. Because if I take a lump sum of cash and pay off a loan, no way am I going to just start saving those monthly payments to recoup that lost cash. It would be spent on other stuff.

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