TopHot
Should I pay off 7.125% mortgage?
Should I pay off 7.125% mortgage? I purchased a $460k new construction home in July. The dealer was offering $10k incentive to finance with their lender, so I used the credit to pad my escrow account, but ended up with a 7.125% rate. The loan balance is $260k, and I have the funds to pay it off. I currently pay $1.5k a month in interest. Is it better financially to pay off the r...
Category:
