[MichEal]

My wife is receiving some inheritance monies which will be a blessing, to fully fund emergency, but also need to do some house repairs/improvements.

Whats more beneficial, fixing up the house to increase value, or paying it off in your opinion?

[Jed]

Pay it off! There’s nothing like realizing the house is yours, and no bank can take it from you. If you fix it up, then something happens, the bank will be so happy you fixed it up for them to get more money for it. Pay it off, then fix it up. You’ll make completely different decisions. Just my opinion.

[Melissa]

We plan to pay off our home in 8 years (just bought it a year ago!) This saves us 115k in interest so yes, I believe it’s worth it!

[Al Meglau]

Way too many unknowns here. Depends on where you’re at in life.

[Author]

Posts