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To: AppyPappy
OK, I’ll bite. Why not use Savings? Why would you pay 8% to someone when you have the money?

Mostly cash flow management, but also partly psychological. Just as paying off a low-interest mortgage early isn't always the best financial decision, it can be a good decision for your piece of mind.

37 posted on 03/03/2011 6:53:40 AM PST by whd23 (Every time a link is de-blogged an angel gets its wings.)
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To: AppyPappy
Whoops!

"piece of mind" == "peace of mind"

39 posted on 03/03/2011 6:56:25 AM PST by whd23 (Every time a link is de-blogged an angel gets its wings.)
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To: whd23

“Just as paying off a low-interest mortgage early isn’t always the best financial decision”

yeah but after the house is paid off, you can borrow up to the limit on it and invest the money.


40 posted on 03/03/2011 6:56:52 AM PST by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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