TwinTurbo.NET: Nissan 300ZX forum - Really only useful if you're sure you're not going to move.
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Subject Really only useful if you're sure you're not going to move.
     
Posted by Zdreamin on March 12, 2004 at 1:18 PM
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In Reply To How about paying to principle on the mortgage? (n/m) posted by RSR on March 12, 2004 at 07:02 AM
     
Message Which he may be, but I just wanted to point that out, cause most people don't realize. Paying down the principal on your mortgage is the equivalent of putting money in a savings account that gets a rate of interest equal to your mortgage rate. This is obviously a bad idea as long as you have other investment plans (i.e. mutual funds, etc) that pay out at a higher rate.


Zdreamin
'90 NA, Stage II

     
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