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Category: Finance
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Experience:  40+ years experience in taxes and financial planning
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Should I pay off my vacation home loan at 4.75 APR or keep

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Should I pay off my vacation home loan at 4.75 APR or keep the money in the stock market?
Submitted: 5 years ago.
Category: Finance
Expert:  CGCPA replied 5 years ago.

Welcome to Just Answer. I am here to help you resolve your tax and finance concerns. Please feel free to ask anytime you need extra help.


With the economy being on a roller coaster lately and given that you are unlikely to earn the interest rate you are currently paying, I would recommend paying off, or at least paying down, the mortgage. However, be sure to maintain a reserve in case something substantial goes awry.

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