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re: Using a HELOC to pay off mortgage sooner
Posted on 3/10/22 at 5:32 pm to saints5021
Posted on 3/10/22 at 5:32 pm to saints5021
I would pay that off in 15 years. In fact I went 30 years at interest rate low point in 2021.
Investing the difference from our previous financing rate ($8k per year) and effectively keeping same note (new monthly note + $700 / mo to invest)
Beating 2.5% was piece of cake in 2021.
Of course, 2022 not so much. But we are in it with long term focus.
Investing the difference from our previous financing rate ($8k per year) and effectively keeping same note (new monthly note + $700 / mo to invest)
Beating 2.5% was piece of cake in 2021.
Of course, 2022 not so much. But we are in it with long term focus.
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