by Deshizle on August 17th, 2009

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My mother is retired. She has a 1st and 2nd mortgage for about $116k. One of her 401k accounts has closed to $200k. Her monthly mortgage payment is about $1200 w/ $750 going towards interest. Will it be better to cash out that 401k to pay off the mortgage

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My mother is retired. She has a 1st and 2nd mortgage for about $116k. One of her 401k accounts has closed to $200k. Her monthly mortgage payment is about $1200 w/ $750 going towards interest. Will it be better to cash out that 401k to pay off the mortgage

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My mother is retired. She has a 1st and 2nd mortgage for about $116k. One of her 401k accounts has closed to $200k. Her monthly mortgage payment is about $1200 w/ $750 going towards interest. Will it be better to cash out that 401k to pay off the mortgage

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