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Joined: Aug 2015
Posts: 1,375 Likes: 9
8 point
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8 point
Joined: Aug 2015
Posts: 1,375 Likes: 9 |
I would imagine your 401K is earning quite a bit more than the 3.62 percent the loan is at.
I would leave the retirement money compounding at the higher interest rate over time.
Double up on your payments if you can and take the tax advantage on the mortgage interest when filing taxes.
Plus unless your over 59 1/2 you're going to pay a penalty on early withdrawal from 401k.
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