> A wise idea, but I'll have to whole heartedly disagree with the "guarantee" wording.
Weeeell, guarantee in the sense that, short of default or bankruptcy, you're gonna have to pay that loan off someday anyway (even if you're upside-down on value... or with devalued future dollars... you still have to pay it)... and until you do you're gonna have to continuer to cough up interest on it too... so if you pay off early what you have to pay someday anyway, every penny of interest you DON'T pay is the same as guaranteed earnings at that same rate on equal money invested... if that makes any sense. And very few investments guarantee a rate of return... except debt paid off and low-yield cd's and crap like that.
In short, I'm not gambling my money on investments that may or may not crash/increase in the future... I'm paying off an obligated loan, guaranteeing myself savings thru interest not paid. A penny saved is fuckin' worthless a penny earned. The other side of that is, under most circumstances, should anyone come after me for whatever reason... USUALLY your home is a protected asset... they can take your bank accounts, your stocks, your bonds, your boat, your car, your gold, your vintage sex toy collection... but they can't take your house.
Yeah.. you loose the tax write off... if you have to have debt, it should be in the deductible form... your house... but still better not to have debt in the first place.
But I digress... What I meant to talk about was vintage sex toys...
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Re: So if you had of listened to your Loony Bin Financial Advisor
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