Tuesday, October 16, 2007

Dave Ramsey's Mortgage Calculator

I've received several e-mails from people wondering why I don't recommend paying off (or paying down) mortgages. But actually I neither recommend that people do nor do I recommend they don't. I think this is a personal preference. Either investment strategy can work out well for people. For those who want to put themselves on a plan to pay their mortgages off early, Dave Ramsey has a great and easy calculator here.

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Relatively easy to convert an existing home into a rental. You could use the proposed rent on your current home to offset the mortgage payment.

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