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I’m in a Financial Battle with My Husband
You should pay off the mortgage or pay down the mortgage quicker than continuing to only make 2% through savings. The amount of interest saved is dollars ...ANSWERS
See all- If I understand this correctly, you're paying 10.75% interest on this loan, and the bank is giving you 2% on your money. Wouldn't you be saving 8.75% by paying it off...
- Everyone that has posted a response makes sense. But you have to consider many points. First, if you refi, then think about the fees you will have to pay to do so. ...
- Of course the bank wants you to keep the money in your savings account - if you take it out you're taking it from them and their ability to reinvest in their own sche...