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Originally Posted by muscles59
Exactly, steve, understood, but, you know that of that 120 a month, how much is paying off the actual loan, not much, is mostly going to the interest, wouldn't it be? keeping money in diversified investments, should easily pay your mortgage and much more, in my knowledge. just seems to me you want your money working for you, and not all tied up in yopur house. i understand real estate values rise and all, but with a spred out investment portfolio, you should exceed the real estate market in long run
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I'd personally rather keep the $20K in the "bank" and use the home equity to fund my cash crunch, whatever it is (as long as I can afford the $120/mo). It's probably more a personal preference than anything else, but I just feel the home equity is an untapped resource, and my cash is my cash and I'd like to leave it whole. :dontknow: