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My mother has a financial savings account in an aggressive inventory plan which was initially meant for me from each my dad and mom, however my mother controls now. Presently, we have now been utilizing it as an emergency fund (surgical procedure/ medical bills), and to pay for my bills whereas I’m in faculty. My mother is paying off a mortgage on a rental, which nonetheless has round 100k on it at about 4% curiosity. Wouldn’t it be economically smart to make use of about half the financial savings fund to repay her total mortgage now? What could possibly be the ramifications of doing this or not?
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