I owe about $70,000.00 on my current mortgage. I have a fairly high interest rate (5.75%) never refinanced because I always pay extra toward the principle each month and it never worked out to be beneficial to refinance because of what I would have paid in refinancing fees. I currently have a little over double what I owe on the mortgage in savings. What would be a disadvantage to using half my savings to pay off the mortgage? Are there any? Should I just jump in and pay it off??
Submitted October 15, 2020 at 08:21PM by Stolennhalo https://ift.tt/3nYobPo
