From: po.ning@gmail.com
Newsgroups: misc.invest.financial-plan
Subject: Re: payoff mortgage vs investing
Date: Wed, 15 Nov 2006 15:11:19 -0600
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P.Schuman wrote:
> ok - here's another little financial planning gem
> from within the extended family...
>
> Currently have a house worth maybe $200+
> with a $100k mortgage @ 8.25% from 1992
> and the balance is about $85k.
>
> So... what would be the prudent path ?
>
> #1 - They never refi'd - so could go that way at 6%...
> #2 - They could sell some of their stocks/funds and payoff the house.
> #3 - Combo ?
>
> comments & observations ?

There is no reason to refi if they are going to pay it off.  So #3 is
out.  Otherwise not enough information.  E.g. age?  Income?  etc. etc.