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Getbig Bodybuilding Boards => Gym/Stores/Industry Business Board => Topic started by: Quickerblade on March 29, 2007, 12:45:46 PM

Title: Pay off mortgage or Save
Post by: Quickerblade on March 29, 2007, 12:45:46 PM
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
Title: Re: Pay off mortgage or Save
Post by: Migs on March 29, 2007, 02:58:22 PM
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. 
Title: Re: Pay off mortgage or Save
Post by: FlexGuns on April 07, 2007, 05:19:00 PM
Give us a call. We can help you answer your questions. 1-866-448-9364   

     www.caloanprofessionals. com
Title: Re: Pay off mortgage or Save
Post by: Quickerblade on April 07, 2007, 06:04:12 PM
Quote from: FlexGuns on April 07, 2007, 05:19:00 PM
Give us a call. We can help you answer your questions. 1-866-448-9364   

     www.caloanprofessionals. com
thanks ...Im in Australia
Title: Re: Pay off mortgage or Save
Post by: Ari_gold on April 10, 2007, 01:51:35 PM
if you live in pay it off  quick, if its a investment take your time
Title: Re: Pay off mortgage or Save
Post by: 24KT on April 10, 2007, 09:58:44 PM
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.
Title: Re: Pay off mortgage or Save
Post by: Princess L on April 11, 2007, 06:12:55 PM
Check out Clarkhoward.com.  He discusses this topic all the time.  Maybe there's something on his website.
Title: Re: Pay off mortgage or Save
Post by: rockyfortune on April 12, 2007, 06:27:02 AM
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

Title: Re: Pay off mortgage or Save
Post by: Ari_gold on April 12, 2007, 01:34:55 PM
Quote from: rockyfortune on April 12, 2007, 06:27:02 AM
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..