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Reply to "Paying down a mortgage - not a debate about whether it makes sense"
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[quote=Anonymous]We have an investment property that we plow all profits back into the principal. Starting loan amount 341k/30yr/2.875. Current extra payment is $500. Current savings in interest 64k, shaving off 10.5yrs. Ad we increase rent, we will increase principal payments. Our goal is to.1032 exchange this into our retirement home and be able to keep all the tax free profits from our primary home and not have to dip into that money for housing. The net is for renters to fund our future housing costs. [/quote]
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