December 12th, 2007
Strictly by the numbers Paying off your mortgage or any loan is an investment, and your return is essentially the interest rate on the loan. If you have 25 years left on a 30-year mortgage with a fixed rate of 6.2 percent and you deduct your interest payments on your taxes, you’ll earn 4.5 percent by prepaying the loan (assuming you’re in the 28 percent tax bracket).
6 money dilemmas - Dec. 11, 2007

∞08:47 am, by drj  Comments
blog comments powered by Disqus



Notes