Posted by Shambhu Nath on September 13, 2003 at 24:19:30:
There are three reasons to pay off the debt. 1) Save monthly payment 2) Improve credit score 3) Get some tax benefits.
If your credit is good and your interest rate is this low, why will you put it in your mortgage and pay higher rate. Your payment will go down but that is because you will extend the payments to may be 30 years.
If you have cash problems, then you may want to do it.