Posted by Clodbuster on March 08, 2014 at 10:01:34 from (66.146.251.56):
In Reply to: paying off mortgage posted by austin carpenter on March 08, 2014 at 06:18:21:
That is a nice low interest % but if you can pay it off early while not depleting your "emergency fund" or put you in a bind some other way, pay it off as soon as you can!
Be wary of advice from the guys at work... Years ago my friend paid off his truck and the guys at his work who all had new trucks were trying to get him to finance a new one right away too. He asked what I thought and I asked him a question. Do the guys with the new trucks also have pockets full of cash, or are they a slave to the truck payment? He is still driving his paid for truck.
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