Investing 102

[ErikLS2]

Originally Posted by Bow Tie 67

Here's a question, I refinanced to a 15 year fixed 3.375% loan. I'm paying extra principle to cut the loan to 9 years according to one online calculator an investment with a 6% return suggested go with investing vs buy down. Thoughts?

Easist way to look at this is the extra money you're paying is effectively earning you that 3.375%. The general consensus is if you can earn more than that elsewhere then do that. You're already in the best mortgage position you can be in with that term and interest rate.