Thread: Invest Or Pay Mortgage
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Old 01-17-2007, 07:04 PM
TURTLEDOVE TURTLEDOVE is offline
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Default Invest Or Pay Mortgage
I Have An Arm Loan Currently At 7.75% That Caps At Around 30%. The Amount Of The Loan Is 21,800. I Am Currently Making Just The Minimum Payment Which Only Covers The Interest.


My Question Is Should I Use The 20,000 Cash I Have To Pay Down The Loan Or Should I Invest The Money Elsewhere?


Fyi I Am 34 And Married With Two Kids With Only Around 26,000 Currently Invested In Iras And A Little Stock.


Thanks For Any Advice.
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