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Real Estate
Reply to "New mortgage at 45?"
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[quote=Anonymous][quote=Anonymous]Only reason it is stupid is because of interest rates :). If you're able to afford the payments long term including into retirement, fine. If you plan to sell the house at some point, fine. And if you are able to pay ahead to end the mortgage early...fine. My 70+ year old parents have enough cash in the bank to pay off their house, but their 3 figure house payment (refinanced I dont want to know how many times since the mid-80s) is extremely doable.[/quote] Rates are bad but I feel like sometime before retirement (15-20 years), they should come down enough to justify a refi. If not - I guess there’s not much I can do about it.[/quote]
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