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re: When does it make sense, mathematically, to accelerate mortgage payments?
Posted on 12/6/23 at 2:28 pm to notsince98
Posted on 12/6/23 at 2:28 pm to notsince98
quote:In the alternate scenario, you are saving (and hopefully investing) thousands more per year that is readily on-hand in the instance of job loss.
EDIT: I should also add that as a sole provider for a family of 5, knowing that my house was owned completely by me would really reduce the stress of keeping a well paying job. If I had no mortgage and I lost my job, it would be super easy to find enough income to get us by.
I get what you are saying - I just think you are overpaying for basically the same peace of mind as carrying the mortgage and investing present cash.
ETA: if this is the kind of thing that really worries you, I would submit that perhaps you have too much house.
This post was edited on 12/6/23 at 2:31 pm
1
Posted on 12/6/23 at 2:51 pm to Big Scrub TX
quote:
In the alternate scenario, you are saving (and hopefully investing) thousands more per year that is readily on-hand in the instance of job loss.
that isn't the life of a single income household.
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