ANSWERS: 2
  • I would say yes. It's better to pay off your mortgage. Unless you buy junk bonds which are aptly named you can't make enough interest in an investment that is more than the interest you pay on your mortgage. Junk bonds pay high interest because they have a low credit rating and default more than higher rated bonds. Just my opinion, but once you own your house free and clear you can begin to save or invest when the market isn't so iffy. Owning your home is great security and the market is anything but.
  • Yes. However, keep in mind who your mortgage lender is. Chase is running a big scam, the government is not doing anything about it of course and they may very well take your money and screw you

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