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Welcome to SportTrac.Org
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Mortgage Questions
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<blockquote data-quote="Jacob Dryer" data-source="post: 767623" data-attributes="member: 63151"><p>Follow the link below and see all the math that is involved. Investing vs. Paying early has many variables and there is not one cut and dry answer for everyone.</p><p></p><p></p><p></p><p>In some cases it works better to invest your extra money in place of paying extra toward your loans. Remember we are talking long term here.</p><p></p><p></p><p></p><p>Short term/high interest loans you need to get out of as soon as possible. My boat being a toy needs to be paid off as quick as possible because it is depreciating in value and I'm paying interest on it. My house on the other hand even in this crappy market is going to stay at the same level or make money (long term) so I invest my extra money, and keep some liquid assests that are building to be able to pay my boat off.</p></blockquote><p></p>
[QUOTE="Jacob Dryer, post: 767623, member: 63151"] Follow the link below and see all the math that is involved. Investing vs. Paying early has many variables and there is not one cut and dry answer for everyone. In some cases it works better to invest your extra money in place of paying extra toward your loans. Remember we are talking long term here. Short term/high interest loans you need to get out of as soon as possible. My boat being a toy needs to be paid off as quick as possible because it is depreciating in value and I'm paying interest on it. My house on the other hand even in this crappy market is going to stay at the same level or make money (long term) so I invest my extra money, and keep some liquid assests that are building to be able to pay my boat off. [/QUOTE]
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