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re: When to pay off the mortgage
Posted on 9/16/22 at 7:18 pm to tigerfoot
Posted on 9/16/22 at 7:18 pm to tigerfoot
quote:
At the end of the day, being secure in my home and property and reduced monthly budget going forward has a value. Hope to have mine paid off in 5-7 years.
paid mine off 11 years ago. yes i had a high rate and did not owe alot left and no it was not worth the refi closing costs so i paid it off. has paid off in spades. however for anyone who owes a ton with a low rate just milk it for now. pay off everything else. different people have different situations.
1
Posted on 9/19/22 at 11:37 am to Fat Bastard
quote:
the refi closing costs
That's what stopped me from doing it. When I only owed like $6k on my original mortgage, I couldn't stomach paying a couple of grand to refi.
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