Quote:
Originally Posted by Mortgage Made Easy
For anyone with variable loans/ mortgages... keep payments the same or higher and take advantage of paying down the debt quickly.
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So mortgage money is the cheapest it's been in 4 years, and you want people to keep the payment the same? I don't get it. Why not lower your payments and use this money to invest? For those that have credit card or other debt, wouldn't it make sense for them to pay down those? I understand want to get out of debt, but there are many valid reasons why you drop your payments now with the interest rate drop, especially when mortgage interest is not calculated in advance.