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Jul 24, 2017
1:09
:58
pm
Iman23
All-American
Liquidity is the big one for me...once it goes to pay the debt down it's hard to
get back...
I see no reason to pay off a house early in this low rate environment.
Cash is king.
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Iman23
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Iman23
Joined
Jan 18, 2008
Last login
May 3, 2024
Total posts
42,597 (2,721 FO)
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Messages
Author
Time
Thoughts on this approach to paying off a mortgage early?
supertux
7/24/17 12:57pm
Cash flow considerations. Stocks and bonds are much more liquid than a home, and
chilango
7/24/17 1:05pm
Paying off your mortgage, given the net savings, is a poor financial decision IMO.
mulletino
7/24/17 1:08pm
Oops. Meant for supertux.
mulletino
7/24/17 1:08pm
100% Agree with Mulletino on this.
TonyStark
7/24/17 1:18pm
Your net savings is essentially the rate of inflation. Let the government and your lender deal with that...
mulletino
7/24/17 1:19pm
<< Deleted >>
fumblerooski
7/24/17 1:37pm
I look at it this way
CocaColaRecovery
7/24/17 1:46pm
Reasonable alternative to my suggestion...more conservative, but effective
Iman23
7/24/17 1:48pm
Kinda agree. I say stretch out the mortgage as long as possible. And yet...
frontrowcougar
7/24/17 2:16pm
Liquidity is the big one for me...once it goes to pay the debt down it's hard to
Iman23
7/24/17 1:09pm
I agree in a way. I think if you have a chance to knock it out, do it.
CocaColaRecovery
7/24/17 1:52pm
Pay the mortgage down and get a low interest HELOC. That is a big emergency fund
YouPuntYouDye
7/24/17 2:13pm
For as conservative as you must be with your comments here, I'd say that's a pretty risky plan for Average Joe.
mulletino
7/24/17 5:50pm
lots of people don't consider real estate as assets unless you get a net return
Nat Gas Man
7/24/17 1:31pm
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