Pay off mortgage?

oregonianmom
Mon, 26 Jan 2009 14:38:43 +0000

I heard back from one of the (two) emails I sent. Pomona said they cap your home equity at 1.2 times annual income. That’s exactly the kind of information I was looking for. Gives me something to go on.

In the meantime, I think we’ll pay down the mortgage a little at a time over the next two years, unless the stock market starts going gangbusters and then we’ll put those funds into the market instead. Seems like a reasonable compromise.