What should I do with the extra money if I pay off my mortgage early?

Featured Rate Good Move Plus - 30 Year Fixed Rate ; Good Move - 20 Year Fixed, 6.125%, 6.25%, 0, $7.24 ; Good Move - 30 Year Fixed, 6.250%, 6.35%, 0, $6.16 ... Oct 8, 2024 ... It seems like the interest rates lenders are offering us are pretty bad compared to what I am seeing on this subreddit. Like ~7% for a 30 year and ~6.5% for a ... Oct 16, 2024 ... While it's not great news for home buyers, it's good news for the rest of the economy. ... The average ... Feb 26, 2025 ... This makes a short-term loan a better bet if you are looking for low mortgage interest rates as well as savings over the life of the loan. 4. Depending on your financial situation, one term may be better for you than the other. With a 30-year fixed-rate mortgage, you have a lower monthly payment but ... 3 days ago ... Is a 3.5% interest rate good? In today's climate, 3.5 percent interest on a mortgage is below average. In 2020 and 2021, during the record low ... Dec 6, 2023 ... ... mortgage banking successful. And, if you already have a good mortgage lending team, STRATMOR can help identify ways to take it to the next level ... One of the most important parts of your mortgage loan estimate is the annual percentage rate, or APR. This number calculates the yearly cost to borrow while ... Your credit union's home loan specialist can help sort out these complicated market factors. Consider how much the rate affects affordability: A $200,000 home ... Mar 12, 2025 ... Lower mortgage rates are good for housing affordability, but the reason behind the recent dip — a weakening economic outlook — is less ...