To back what Mortgage Made Easy stated in one of his posts...while it does technically make most sense to pay high interest debts if you have them, there's the psychological impact of making noticeable headway on paying down large chunks in principal, even if it's at a low interest rate. Not to mention that a mortgage is generally one's largest debt and would have the highest impact on your monthly cash flow.
For some, the psychological factor outweighs the logical method. It can be a savvy strategy for some.
Last edited by MillerTime GFG; 01-22-2015 at 10:40 AM.
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