An interest only funding could [...] Your 8% rate is now effectively 6.4%. Spending your money wisely is only half of the formula for financial freedom. Also, remember that the interest you are paying on your home mortgage and home equity funding is partially tax deductible. You can easily pay off your remaining mortgage amount of $180,000 and still have a nice nest-egg to retire on. Invest Your Home in the Stock Market The difference between the rate of return (11.2%) you are earning and the interest (6.4%) you are paying is called the “float” (4.8%).
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