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re: The reoccuring question.. should I pay off my mortgage?
Posted on 9/20/12 at 7:50 am to AngryBeavers
Posted on 9/20/12 at 7:50 am to AngryBeavers
quote:Current market rates and history disagree with you, and just because you're too lazy or unconcerned with your investments to try and make the most out of them doesn't mean everybody is.
I would bet you come out nearly the same paying off the mortgage and investing your income in the long run. You will also have less stress and free up your time to do other things than calculate ROI on every little thing.
So, no, this as you say, is not a "no brainer" and for me it's a "no brainer" not to pay off the mortgage in this environment.
1
Posted on 9/20/12 at 10:31 am to LSUAfro
You can shake your head all you want but I do not like dividing by 12 and making payments if I don't have to. If the OP has the financial means to pay off his house and have some left over then I don't see how you can call it stupid. I have a strict financial plan I follow and it will result in me retiring a multi millionaire that is anything but lazy.
This post was edited on 9/20/12 at 10:32 am
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