[katharina]

Quote:

Originally Posted by PiscesGirl

Some people are only thinking income but don't realize having no mortgatge is really more important. Keep trying to pay off the mortgage. But remember, you can do it in one lump sum too. Paying down a mortgage doesn't change those payments. You can easily draw interest on the money you would add to the mortgage until the mortgage balance is what you have in the bank.

It doesn't change the payments but it makes a huge difference in the amount each month that goes toward principal and what *doesn't* go toward interest. Personally I save more mortgage interest each month that I'd draw on a bank account, even a money market account. I guess I'd just rather see the monthly difference... otherwise either way works fine.