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Originally Posted by NYBBFAN
Oh so your interest payments are minimal anyway with only 6 years left. It would be stupid to re-mortgage your house in the future, so I’d leave myself some flexibility and keep the capital, just in case.
Option B is a winner in my book: Sell the stock and buy an ETF that pays a decent dividend and use that to pay the mortgage payment monthly until it’s paid off.
Now to find a 6.25% dividend stock or ETF. Depending on your risk tolerance, some preferred shares can do this.
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The stock is not part of my retirement plan. It was options from a previous job that I’ve been hanging on to.