Comments on: Cash Management: Pay Down Your Mortgage or Not? http://www.1stMillionAt33.com/2006/11/cash-management-pay-down-your-mortgage-or-not/ A site to share my tips, tools, and humble thoughts on the journey to wealth Tue, 16 Mar 2010 07:08:55 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: FIRE Finance http://www.1stMillionAt33.com/2006/11/cash-management-pay-down-your-mortgage-or-not/comment-page-1/#comment-1732 FIRE Finance Mon, 13 Nov 2006 19:20:36 +0000 http://www.1stMillionAt33.com/2006/11/cash-management-pay-down-your-mortgage-or-not/#comment-1732 <strong>Carnival Of PF #74 Takes Birth At A Geek's World!...</strong> A Geek'sWorld has hosted Carnival of Personal Finance #74. By Jove! It is such a huge carnival with 71 posts from the personal finance blogosphere. These carnivals seem to be getting bigger each week. That is fun since we get to learn new things and .... Carnival Of PF #74 Takes Birth At A Geek’s World!…

A Geek’sWorld has hosted Carnival of Personal Finance #74. By Jove! It is such a huge carnival with 71 posts from the personal finance blogosphere. These carnivals seem to be getting bigger each week. That is fun since we get to learn new things and ….

]]> By: Frugal http://www.1stMillionAt33.com/2006/11/cash-management-pay-down-your-mortgage-or-not/comment-page-1/#comment-1709 Frugal Thu, 09 Nov 2006 07:28:55 +0000 http://www.1stMillionAt33.com/2006/11/cash-management-pay-down-your-mortgage-or-not/#comment-1709 I sort of agree with you, Trent. I don't advise paying down extra as I have said in the article. I sort of agree with you, Trent. I don’t advise paying down extra as I have said in the article.

]]> By: Banking / Loans http://www.1stMillionAt33.com/2006/11/cash-management-pay-down-your-mortgage-or-not/comment-page-1/#comment-1700 Banking / Loans Wed, 08 Nov 2006 03:39:37 +0000 http://www.1stMillionAt33.com/2006/11/cash-management-pay-down-your-mortgage-or-not/#comment-1700 <strong>Should You Pay Off Your Mortgage?...</strong> Owning your home is an American dream. Most people find that they are drawn to the idea of owning their home “free and clear”. There is certainly a psychological reward associated with paying off your mortgage. However, is it the right f... Should You Pay Off Your Mortgage?…

Owning your home is an American dream. Most people find that they are drawn to the idea of owning their home “free and clear”. There is certainly a psychological reward associated with paying off your mortgage. However, is it the right f…

]]> By: Trent http://www.1stMillionAt33.com/2006/11/cash-management-pay-down-your-mortgage-or-not/comment-page-1/#comment-1687 Trent Mon, 06 Nov 2006 17:30:11 +0000 http://www.1stMillionAt33.com/2006/11/cash-management-pay-down-your-mortgage-or-not/#comment-1687 A quote from your article: "I see many financial sites or articles suggesting that one should pay down their debt so that when the economy goes into recession, or deflationary forces are upon us, the house will not go into foreclosure due to miss of the payments." This has never made sense to me. Why wouldn't you take that extra amount you might pay each month and invest it in something that can earn at the absolute very least something comparable to the rate of your mortgage. Even a high-yield savings account is within a percentage point of your mortgage rate, let alone a solid stock investment. Plus, this way if you do lose your job, you can liquidate your stocks and still make your house payments. A quote from your article: “I see many financial sites or articles suggesting that one should pay down their debt so that when the economy goes into recession, or deflationary forces are upon us, the house will not go into foreclosure due to miss of the payments.”

This has never made sense to me. Why wouldn’t you take that extra amount you might pay each month and invest it in something that can earn at the absolute very least something comparable to the rate of your mortgage. Even a high-yield savings account is within a percentage point of your mortgage rate, let alone a solid stock investment. Plus, this way if you do lose your job, you can liquidate your stocks and still make your house payments.

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