Pay off mortgage or Save

[Quickerblade]

Im currently paying a mortgage, a 6.65% (Australia) should i continue to add extra payments or save it in my Ing Direct account paying 6% Annually

[Migs]

first off, how much do you owe on your mortgage?  What are your terms 15 yrs 30 yrs etc.  How are you other bills like.  What is you credit card debt, or how much is your car's loan interest etc. 

[FlexGuns]

Give us a call. We can help you answer your questions. 1-866-448-9364   

     www.caloanprofessionals. com

[Quickerblade]

Give us a call. We can help you answer your questions. 1-866-448-9364   

     www.caloanprofessionals. com

thanks ...Im in Australia

[Ari_gold]

if you live in pay it off  quick, if its a investment take your time

[24KT]

That all depends on what the market is doing and the rate of return you're going to get.
Is your mortgage fixed or variable, are rates rising or falling? ...and at what rate is the property appreciating?

These combined factors will best determine where your money is going to be put to the best use.

[Princess L]

Check out Clarkhoward.com.  He discusses this topic all the time.  Maybe there's something on his website.

[rockyfortune]

save the amount equal to six months of expenses as an emergency fund...put 15% of you income in savings (ira, mutual funds, whatever) and then start hacking away at the mortgage...

Thanks to Dave Ramsey for these tips---www.daveramsey.com

[Ari_gold]

save the amount equal to six months of expenses as an emergency fund...put 15% of you income in savings (ira, mutual funds, whatever) and then start hacking away at the mortgage...

Thanks to Dave Ramsey for these tips---www.daveramsey.com

good point, i have emergency money stashed..