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re: The reoccuring question.. should I pay off my mortgage?

Posted on 9/19/12 at 12:31 pm to
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 9/19/12 at 12:31 pm to
quote:


He can always pay the note and taxes with this chunk of cash during a job loss or crises. On the other hand if he pays off the mortgage and then has a crises he cant even pay the taxes, electric bill, etc...


BINGO!!!!!!
Posted by diat150
Louisiana
Member since Jun 2005
43879 posts
Posted on 9/19/12 at 12:41 pm to
I think alot depends on what your income potential is.

if you make 35k a year id say you better hang on to a big portion of the money.

if you make 150k a year id say pay the house off.
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