I'm in this situation with my car right now, I have the money to pay it off but why bother when I can make the monthly payment with savings account interest.
Depends... It would depend on the price to service the mortgage. I would do a quick model to see the timeline to "break even" on paying in full verses the total amount of interest paid to service the loan for duration of the term.
polka_haunts_us|2 years ago
monkmartinez|2 years ago