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Reply to "What were your biggest financial mistakes?"
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[quote=Anonymous]I'll start: 1. When we bought our house two years ago, the interest rates just began to increase. So our mortgage rate is 5.5%. We could have bought it down to 4.5% if we had paid an additional $60k for a couple of points, and over the course of the loan that would have saved us $600k (we have a crazy high mortgage loan). But we thought that we could soon refinance into a 3.5% interest rate, so did not take that deal... Now our plan is to pay off the mortgage aggressively, even though we would invest in the stock market if we had a lower interest rate. 2. We should have moved to our current area way sooner; then we could have bought a house way sooner and cheaper. [/quote]
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