Kinda agree. I say stretch out the mortgage as long as possible. And yet...

Jul 24, 2017
2:16:33pm

frontrowcougar All-American

I don't criticize those who pay off the mortgage early. It's not a terrible decision. At least they are showing financial discipline and "saving" money.

Poor decision would be spending the money on conspicuous consumption.

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frontrowcougar

Bio page: frontrowcougar
Joined: May 21, 2007
Last login: Mar 17, 2020
Total posts: 22,487 (540 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

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