Quote:
Originally Posted by Maynard
Related to paying ahead towards principle in order to shorten the payoff time: Would it not make more sense for long term to put that extra money into a stock fund that can earn >6% rather than paying down the mortgage that is only 3%, (once you are off PMI)? Is there something I'm missing in this?
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Yes, risk. Some people don’t have the tolerance for the risk (volatility) of investing, especially in stocks/funds, compared with the security of no-debt home ownership. Personally I like the risk and the roller coaster (even the past 9 trading sessions), but not everyone feels the same!