Quote:
Originally Posted by dinonz
2 no. Unless you have a high rate in which case look at a re-fi. Otherwise, your home loan is the cheapest money you can borrow. Put extra into something that returns more, and you're better off in the long run.
I recent bought a few exotic cars (classics) all for cash, but have my home loan maxed - for what I earn having that money invested I make way more than I pay in interest.
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I think it's a yes and no. I know hedge fund guys and they still pay off mortgages. It's cheap to borrow but it's also zero risk if you pay it off