Eliminate High Interest Mortgages

[James R aduna]

BP Community,

Since the government's stimulus package for 401k investors has come out I've been thinking about taking money out of my savings and either paying off my high-interest mortgage or simply buying another another cash flowing asset. The current interest rate on my existing loan is 6.6%. It would be great get your opinion. Best-James 

[David M.]

@James R aduna

Why not refi instead of messing with your retirement account? Even with covid19 the mortgage industry is still working. I’ve seen rates as low as 3.25% for 30yr.