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Reply to "Million Dollar Mortgages"
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[quote=Anonymous][quote=Anonymous]Our mortgage is around $1m. Our house is worth around $3m. We also have another home in the US that's paid off and worth just under $3m. We could easily pay off the mortgage, but it doesn't make sense to do that since the rate is 2.2% and our money is better off in the investments it's currently in. One kid in college and the other out already. Not sure if this makes you happier or not. But many people are probably in a similar place.[/quote] In My experience, I'd say 50/50. 50 are fiscally sound and could pay off the mortgage. the other 50 are likely stretched thin and living above what they can afford. [/quote]
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