How many of you would pay off your mortgages if you had the opportunity?
In recent discussions with friends and associates it's come up more often then not. Seems that some feel paying off their mortgages would give them more money monthly, (like an annunity) so that would not feel the pressure of that monthly payment. One guy says he likes the idea of getting money back at years end, because of interest and taxes. My comment is, just the interest and principal you pay doesn't justify the few bucks you get back.It's interesting to hear how others perceive the situation...
Asked By: - 4/5/2012
Best Answer - Chosen by Asker
If I had the opportunity I would probably pay off our mortgage early. As it is we're making extra payments on our mortgage every year. I think it's a personal decision, and you need to consider a variety of factors. For me, some of the pros of paying off the mortgage include... More
Answered By: Money Matters - 4/5/2012
Additional Answers (2)
It's not about getting money back when you retire. It's about having one less bill to worry about. You are going to have to explain your thinking on this in your next question.
Answered By: Go with the flow - 4/5/2012
>>One guy says he likes the idea of getting money back at years end, because of interest and taxes... More
Answered By: Monte P - 4/5/2012
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Click. Search. Apply. Free!
Get Your Degree Online Sooner than You Think. Financial Aid Options
The most complete OFCCP solution at a price you won't want to ignore.
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.