Finally I decided to max out the payment I added 15% per weeks and I put
7000.00 cash on the house.

The weekly payments will be taken from one of my mutual fund, so I wont have
to worry about them, so its the best of both world, I keep my investment ,
and save on interest .

Thanks to all for your input
"BMS" <mcfarland[at]yahoo.com> wrote in message
news:HtWdnfOEyfyHClPfRVn-uA[at]comcast.com...
- quote -

If this is your final house and your intention is to leave feet first, then
paying it off for the security of having a place to live and this is the
place out weighs the financial concerns.

"Rick" <rick[at]nowhere.com> wrote in message
news:64wye.2637$is5.338485[at]news20.bellglobal.com...
- quote -

Is it a fixed rate? How long do you have this rate?

If it is a fixed rate, then if it were me, I would not pay the house
off any sooner than you have to. Allow that $200,000 to grow. You
could always pull from it later if you decided to pay if off.

But, this is all for nil if you can't sleep at night knowing that you
have a house note.

JLP

http://allthingsfinancial.blogspot.com

mikepier[at]optonline.net wrote:
- quote -

This topic has been extensively and intelligently discussed in this
newsgroup and in misc.consumers.frugal-living, so just google those
groups and read the old discussions to hear all the pros and cons in
great detail.

Andy

I think you should hold on to it. It's such a low rate. You never know
what will happen down the road if you need the money. Plus you have the
interest write-off at tax time.
But it's a matter of preference. There's nothing wrong paying it off
either.

Rick wrote:
- quote -

Based on this, I would say yes. You'll be significantly reducing your
risk if something happens to your income.

I have 200,000.00 invested in mutual funds and in some stock.( Canadian Hey)

My mortgage is 77500,00. at 5.45%

Should I pay it off and re-investing the monthly payments ?

I would feel a lot better without it, but it is smart to pay it off ?? I
make a decent salary, with a pension plan, and with life insurance , making
the payment isn't a problem, so should I ???