http://www.floatmymortgage.com/investment-opportunity-cost/ Pay your mortgage many months in advance - without using your own money! Mon, 11 Aug 2014 10:23:47 +0000 hourly 1 https://wordpress.org/?v=3.9.40 http://www.floatmymortgage.com/investment-opportunity-cost/#comment-140 Sat, 16 Nov 2013 04:28:44 +0000 http://www.floatmymortgage.com/?p=591#comment-140 Thanks for the comment and noticed you are writing a debt relief blog (which is great help for people struggling). If your finances are very tight and you have no emergency fund then floating your mortgage out for a year or so can be just prolonging the pain. However used properly it can be a very good tool, especially when combined with existing savings and lower risk investments. Saying “Never to float your mortgage” depends very much on your personal finances. If you are saving some money and are prepared to be disciplined, the Float My Mortgage method is proven mathematically to save you money overpaying on your mortgage. In summary, agree with your premise that you shouldn’t use it if you have no savings or backup plan, but it can be a great tool if used properly (which the website membership method discusses in great detail). Also just to clarify the bank is always getting their monthly mortgage payment on time sometimes weeks in advance (so your bank will be perfectly fine with the method!). Thanks for contributing.

]]> http://www.floatmymortgage.com/investment-opportunity-cost/#comment-126 Wed, 23 Oct 2013 01:41:44 +0000 http://www.floatmymortgage.com/?p=591#comment-126 Floating your mortgage is never a good idea. It is so difficult to get back on track and you never know what other expenses may come up. Most professionals suggest keeping a solid emergency fund and paying all debt down including making your mortgage payment on time. I would seriously examine the pros and cons of this before doing it.

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