Move My Realty - Real Estate News

Put extra cash into mutual fund, not mortgage

November 2nd, 2008 4:44 PM by Ron Mastrodonato

Put extra cash into mutual fund, not mortgage
Best for those with low interest rate, long time horizon

"Q: My wife and I enjoy listening to your radio show on Sundays. We are both 65. I work full time and my wife works part time. We'd like to sell our house because it is too big for us now, but we know this is not a good time so we are waiting for the market to improve. In the meantime we're paying an extra $500 a month on our loan. We have a balance of $155,000 and the house was appraised at $240,000 in March of this year."

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Posted in:General
Posted by Ron Mastrodonato on November 2nd, 2008 4:44 PM

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