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re: How much equity do you have in your home and When do you plan on paying off

Posted on 5/15/19 at 10:52 am to
Posted by lsujro
north of the wall
Member since Jul 2007
3926 posts
Posted on 5/15/19 at 10:52 am to
Have about $100k equity (largely based on self done improvements). Note is about $130k. Interest is 3.75% with ~25 years left. Not our forever home. In a couple years, I plan to purchase a new home and use this one as a rental. I expect it could gross nearly double the current note (that includes insurance and taxes).

Will max 401k and backdoor roths this year for first time (came very close last year). Excess cash will be saved for next house and other investment opportunities.
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