stephenandrew
Recycles dryer sheets
- Joined
- May 5, 2007
- Messages
- 148
Apologies if this has already been asked/addressed, but given the big drop off in the market, are there any folks out there who are re-evaluating the wisdom of not prepaying thier mortgage and investing the difference in equity mutual funds? I know lots of folks have always felt that given the deductibility of mortgage interest, and the typical longer term higher returns available in equities, that keeping the mortgage was the best financial decision. I have not run the numbers, but I am wondering if prepaying has been a better decision than investing in the market given the recent financial environment. On a personal note, I have been prepaying my mortgage (throwing about an extra $1000/month at a 15-year fixed rate mortgage [5.25%]), and for me, on the surface, it seems like the only good financial decision I have made these days. Atleast I will have a paid off house where I can look at my sad mutual fund statements.
Thanks.
Thanks.