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<p>[QUOTE=&quot;Garlicus, post: 3114704, member: 73190&quot;]I can swing the 10k, so that&#039;s not an issue (not bragging, just saying that I collect dollars, not debt <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />). I refi&#039;d a few years ago, so my interest rate is 3.125%.</p><p><br /></p><p>The return on my 10k investment (reduced interest payments) would be about 7% &#039;tax free&#039;, as there is no capital gains tax on it. If I pay an extra $900/mo, for a total of $2050/mo, which would include escrow for my $4k/yr property taxes, I can have my house paid off in about 4 years. What&#039;s better than that? Then, or even before, when I sell my house and move someplace less expensive, there will be nothing better than paying cash for a house, with some left over.</p><p><br /></p><p>EDIT - I think the actual ROI on my 10k, with extra principal payments would be around 4%, but I&#039;ll take it. A LOT better than any other low/no risk options out there.</p><p><br /></p><p>[USER=77814]@Clawcoins[/USER] Thanks again for bringing this to my attention.</p><p>I had been thinking about just making a large extra principal payment, at some point, but this method (mortgage recasting) helps even more.</p><p><br /></p><p>P.S. like you, I invest as well. Have been maxing out my 401(k) contributions for about 8-10 years. Finally got around to opening a Roth IRA this year, too (put the money towards 2017, so I can still max out 2018&#039;s contribution).</p><p>Ahhh. Debt free is the way to be.[/QUOTE]</p><p><br /></p>

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