Should You Pay Off Your Loan?
Thursday, March 12th, 2009
With investment returns, at best, low and interest rates on homes, 2nd mortgages and even some credit cards at historical lows, should you just go ahead and pay off one or more of your outstanding loans and be done with it?
Unlike most news media and financial pundits, we developed a loan analysis tool which allows you to run two scenarios side-by-side and view the results in an easy-to-read graphical format.
Then we went to town and analyzed a variety of different scenarios. The answer to our question: Maybe.
