Jan 20, 2020
3:12:05pm
3:12:05pm
What’s CB collective thoughts on paying off your home early?
Assume you built a home in 2013 for $415k (appraises for $679k) and you still owe $315k on a 30 year note with 3.75% interest rate. Now, let’s assume you have the means to pay off the rest of the $315k in cash in one fell swoop, while still having enough for a rainy day fund/future needs after maxing out 401k/HSA accounts etc.
I’m inclined to pay off my home for the peace of mind of owning my home outright, no matter what happens in the future. I can then take that monthly mortgage check of $2100 and put it into other investments or funds.
What are the pros/cons. I’m a lower risk type of individual.
I’m inclined to pay off my home for the peace of mind of owning my home outright, no matter what happens in the future. I can then take that monthly mortgage check of $2100 and put it into other investments or funds.
What are the pros/cons. I’m a lower risk type of individual.
Originally posted on Jan 20, 2020 at 3:12:05pm
Message modified by SlantRoute on Jan 20, 2020 at 3:12:39pm
Message modified by SlantRoute on Jan 20, 2020 at 3:13:29pm
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1/20/20 3:18pm
1/20/20 3:29pm
For the people who say you should not pay off early because you get better returns investing that money, do you
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