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$1.6 million lottery payout means 'mortgage-burning party' for N.C. man

Topic closed. 30 replies. Last post 1 year ago by Murgatroyd.

Page 3 of 3
United States
Member #165073
March 24, 2015
220 Posts
Posted: May 5, 2016, 11:46 pm - IP Logged

Paying off a mortgage may feel good, however it may not be the best financial decision.

Lottery winnings should get independent, professional financial advice, before any decisions are made.

This is why I believe there should be a cooling off period before winners receive their prize money.

Paying off debt is always a good investment, especially for big debts like mortgages.