1) Should I make biweekly payments rather than monthly to save on interest? How would that even work with autopay?
2) Should I pay off my loans, amounting to about $35k, which are between 3.5-4.5% interest? I do have the money to pay them off. The reason I have not done so is because I might want to take out a mortgage loan in the future and the second reason is that the student loan interest is tax deductible. Also, I believe investing in the stock market provides better returns.
gargoylefreeman25 karma
Cool site. I look forward to using it.
1) Should I make biweekly payments rather than monthly to save on interest? How would that even work with autopay?
2) Should I pay off my loans, amounting to about $35k, which are between 3.5-4.5% interest? I do have the money to pay them off. The reason I have not done so is because I might want to take out a mortgage loan in the future and the second reason is that the student loan interest is tax deductible. Also, I believe investing in the stock market provides better returns.
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