The Economy: Maintain a mortgage or pay it off?
Given the state of and the perceived direction of our national economy, what are your suggestions to those of us who are considering whether to pay off our mortgage or to keep a mortage, assuming we currently have a decent fixed rate interest rate, around 6%+/-.
Everything else being equal, which direction would our economy tend to push us:* Pay it off or keep it?* I presume if we kept a mortgage our funds would be invested somewhere.* Where? :dontknow:
Another assumption: You are within a year of retirement or in early stage of retirement.
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Brockton, MA 1946-49 * Fort Lauderdale 1950-66 * Northern Virginia (Army) 1967-69 * North Lauderdale 1970-72 * Coconut Creek 1973-87 * St. Louis 1988-89 # Northern Virginia (again) 1990-2000 * Destin, FL 2001-08 * The Villages - Amelia/Hadley
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