I have $30,000 that I am able to use to pay off on my mortgages. What is my best option and why?
Friday, October 11th 2002, 9:14AM
by The Landlord
I have a fixed rate mortgage of $39,500 with another 24 years to go. I can't remember the interest rate but it would be at current market rates.
I have a floating rate mortgage of $25,000 with another 24 years to go as well. The interest rate on this is 7.55%.
I have $30,000 that I am able to use to pay off on these mortgages. What is my best option and why?
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