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Reply to "What to do after house is paid off"
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[quote=Anonymous]Bought my Mom's house for $785k nearly 5 years ago. Took a 30 yr mortgage of $320K out for 3.25% no points. Wise decision for me, very manageable payment plus my stock investments in the past 4 years have easily beaten 3.25% per year. And with inflation I'm paying back the loan with less valuable dollars each month, year. In the future, if circumstances change, I could pay off the balance with some stock liquidation. Everyone has different situations and priorities. [/quote]
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