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Reply to "We are officially mortgage-free!"
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[quote=Anonymous][quote=Anonymous]I bought a 1M home in McLean back in 2008, and while I had enough cash to pay off the home in cash, I only put down 20%, 6% interest rate, and invested 800K in the stock market. In 2025, that 800K turned into 8M, while my house only goes up around 2.5M. I refinanced again 2019 for a 2% 15 years interest rate. I used the money to put into the stock market, and the past six years, I make more than seven times. My current mortgage is around 400K and I can easily pay that off anytime but I do not want to do so. FWIW, my property tax is around 26K/yr. Paying off the mortgage is generally not a good idea when you can use that money to invest in something with better return, especially if the interest rate on the mortgage is 2%. YMMV. [/quote] We paid both our<3% home off early. Already had them on 15 yr loan. Freed up a lot of monthly cash flow. Love being free of debt. We have more than enough already in stock market. [/quote]
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