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re: Nearly a Million Americans Fear Losing Their Home to Foreclosure in the next two months

Posted on 10/20/22 at 11:29 am to
Posted by lsu777
Lake Charles
Member since Jan 2004
31765 posts
Posted on 10/20/22 at 11:29 am to
quote:

This is just idiotic. There is 0 downside to paying things off. It is a great financial decision to pay things off. Laughing at those who say so is just stupid


yes there is

if i take money out the market to pay off something when interest rates where below 3% and inflation was over 5%....yea thats a huge downside.

essentially your loan is free money, the banks money is worth less every year.

im done arguing about it though. yall do you and be happy when you retire at 63 with that 400k in the retirement and paid off 1500 sf house.
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