Home Mortgage Payoff


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Home Mortgage Payoff


 

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Early Home Mortgage Payoff Question?
We were lucky enough to get a fixed rate 15 year home loan at 4.50 apr this month. We have no early payoff penalty and we have no other consumer debt. If interest rates go over 4.5 on CDs would it be wiser to keep paying the payments on the house and invest in CDs or pay what we can to pay off the mortgage? Also, is it better to put our savings in an interest bearing account and pay the mortgage off all at once or pay as much extra as we can each month?

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