Comments on: To Prepay Your Mortgage or Not? http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/ Rebalance before it's too late Thu, 11 Mar 2010 16:12:39 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Penny Stocks http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-2025 Penny Stocks Tue, 27 Oct 2009 19:54:54 +0000 http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-2025 Great info here, nice site I will be checking out the other articles you have and linking back to your site. Great info here, nice site I will be checking out the other articles you have and linking back to your site.

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]]> By: Personal Finance Fantasy Baseball League 2009 | Free From Broke http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1880 Personal Finance Fantasy Baseball League 2009 | Free From Broke Fri, 09 Oct 2009 15:44:52 +0000 http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1880 [...] Seventh Place – My Life ROI: To Prepay Your Mortgage or Not [...]

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]]> By: Yellowstone Trip Weekly Round Up http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1426 Yellowstone Trip Weekly Round Up Mon, 17 Aug 2009 04:49:49 +0000 http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1426 [...] To Prepay Mortage or Not at My Life ROI. [...]

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]]> By: Roger http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1416 Roger Fri, 14 Aug 2009 09:02:58 +0000 http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1416 I'm inclined to agree with you. It seems as if this couple is running for the hills based on the fear that they might end up unemployed. This isn't certain, unless they are both in risky occupations or already have their jobs on the chopping block, and drastically altering their financial plans to accommodate such a bad situation seems like a bad plan. If they do pay off their mortgage and then DON'T get fired, they'll have to put much more money away to rebuild their funds. Instead, the better move would seem to be (a) making sure they have an adequate (6-12 month) emergency fund (b) attempting to pay down some of the principle (as per your suggestion, MLR), and (c) only considering selling their investment when they've actually lost their jobs and have nearly exhausted the emergency fund. But then, that's just my view on it. .-= Roger´s last blog ..<a href="http://feedproxy.google.com/~r/theamateurfinancier/cFiv/~3/ekWY_JrtnL4/" rel="nofollow">Determining Your Ideal Asset Allocation</a> =-. I’m inclined to agree with you. It seems as if this couple is running for the hills based on the fear that they might end up unemployed. This isn’t certain, unless they are both in risky occupations or already have their jobs on the chopping block, and drastically altering their financial plans to accommodate such a bad situation seems like a bad plan. If they do pay off their mortgage and then DON’T get fired, they’ll have to put much more money away to rebuild their funds.

Instead, the better move would seem to be (a) making sure they have an adequate (6-12 month) emergency fund (b) attempting to pay down some of the principle (as per your suggestion, MLR), and (c) only considering selling their investment when they’ve actually lost their jobs and have nearly exhausted the emergency fund. But then, that’s just my view on it.
Roger´s last blog ..Determining Your Ideal Asset Allocation My ComLuv Profile

]]> By: MyLifeROI http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1395 MyLifeROI Tue, 11 Aug 2009 16:24:14 +0000 http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1395 @DoneToZen, Good example, that is one I hadn't thought of. I guess in your example you have a good point.. if you lose your job the town is going under anyways, so why not have a larger e-fund? Good thinking, and you are the perfect example of why everyone needs to evaluate their situation differently. @DoneToZen,

Good example, that is one I hadn’t thought of.

I guess in your example you have a good point.. if you lose your job the town is going under anyways, so why not have a larger e-fund?

Good thinking, and you are the perfect example of why everyone needs to evaluate their situation differently.

]]> By: MyLifeROI http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1394 MyLifeROI Tue, 11 Aug 2009 16:23:03 +0000 http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1394 @MoneyEnergy, It's definitely a challenge to ignore the psychological effects. But, I think, in the end... that should be your ultimate goal. If you make the wrong decision because your brain feels better about it, you are taking your debt shackles off and putting some emotion shackles on ;) @MoneyEnergy,

It’s definitely a challenge to ignore the psychological effects. But, I think, in the end… that should be your ultimate goal.

If you make the wrong decision because your brain feels better about it, you are taking your debt shackles off and putting some emotion shackles on ;)

]]> By: MyLifeROI http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1387 MyLifeROI Mon, 10 Aug 2009 18:00:32 +0000 http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1387 @The Dividend Guy, 100% agree. If someone chooses the psychologic win of conquering their debt, I can only hope they take those mortgage payments and funnel them into investments. Otherwise, they are just setting setting themselves up to be behind a few steps. @The Dividend Guy,

100% agree. If someone chooses the psychologic win of conquering their debt, I can only hope they take those mortgage payments and funnel them into investments. Otherwise, they are just setting setting themselves up to be behind a few steps.

]]> By: MyLifeROI http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1386 MyLifeROI Mon, 10 Aug 2009 17:31:35 +0000 http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1386 @Jason, I read your post and I have to agree with you that the decision is a very personal one. I just think that sometimes people treat "personal" as "emotional." I think numbers always need to make an appearance in your logic.. even if they aren't the basis of your decision! @Jason,

I read your post and I have to agree with you that the decision is a very personal one.

I just think that sometimes people treat “personal” as “emotional.” I think numbers always need to make an appearance in your logic.. even if they aren’t the basis of your decision!

]]> By: MyLifeROI http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1385 MyLifeROI Mon, 10 Aug 2009 17:27:21 +0000 http://www.myliferoi.com/2009/08/to-prepay-your-mortgage-or-not/#comment-1385 @Brad, It's definitely a gamble on both accounts. To me, I think in the 5-10 year term stocks will outperform an average return of 4%. If you diversify in regards to sector and country, at least. I don't think paying off your house can ever be labeled as a bad move, but there could definitely be better alternatives (on a case by case basis). @Brad,

It’s definitely a gamble on both accounts. To me, I think in the 5-10 year term stocks will outperform an average return of 4%. If you diversify in regards to sector and country, at least.

I don’t think paying off your house can ever be labeled as a bad move, but there could definitely be better alternatives (on a case by case basis).

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