I have a vacation home that has $95k left on the mortgage at a rate of 4.25%. I have about 20 years left on the mortgage. I have cash on hand to pay it off, while maintaining a comfortable emergency fund. I have already allocated money to my taxable investment account and I max out my 401k. Should I pay it off?
I am thinking that would be a good use of capital as it's earning only 2% in a money market account.
I would appreciate any thoughts or suggestions.
I am thinking that would be a good use of capital as it's earning only 2% in a money market account.
I would appreciate any thoughts or suggestions.