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Reply to "Mortgage recast vs extra payments"
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[quote=Anonymous]So many threads supporting paying off mortgages early. People who tell you to pay your mortgage off early, especially when you have a rate well below HYSA rates, don’t understand compound interest or inflation. 20 years from now your current mortgage payment will be the same, but in 2043 dollars, you’re paying far less in buying power. And, that entire 20 years, you have the lump sum you could have used to pay off the mortgage invested and compounded for the entire time. [/quote]
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