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Reply to "Buying past "prime" home buying years"
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[quote=Anonymous][quote=Anonymous]The safe choice would be to take the 30 year mortgage and pay extra each month as if it is a 15 year fixed. There will be months when you need the extra money for other purposes so you won't be tied to the higher monthly payment.[/quote] This. We do something similar. However we allocate money at the end of the year. We live on the basics each month and dump all extra in cash savings. On Dec 15th we then allocate what is left between the 529, roth, market investments, what we want to keep on cash and the remainder goes to the mortgage. Sometimes we have 25k at the end of the year, sometimes we have 75k. [/quote]
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