Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "If paying off your mortgage is dumb, why do so many rich people do it?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]I bought my $1,325,000 home in 2017 and put down $750,000. In 2021 rates were low and instead of refinancing I prepaid another $150,000. I sleep better knowing I have a smaller mortgage balance. In retrospect if I knew 2022 was going to be so crappy for stocks I should have just paid it off. If I land a new job with a pay raise may throw another $100,000 at mortgage. Don’t want to end up like older sister she refinanced 100 percent into a new 30 year loan at age of 56 and was forced to sell as husband lost job in 2019 at 63 and then they were force selling stocks on 2020. She had a $950,000 balance mortgage at 62 with a household income of $40,000! [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
