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 "Paying off the morgatge, good or bad idea?"
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][quote=Anonymous][quote=Anonymous][quote=Anonymous]We paid off ours in 7 years. Didn't care what others did, it was one step closer to retirement for my husband. We will never be homeless, have more money every month to invest, save or spend, a paid off home is real money. No worries, no struggle, one less thing to think about. Being debt free let's us help our kids out more. [/quote] Ok but in doing so, you gave away one of the biggest gifts the US government ever gives - the ability to finance debt for a FIXED rate for 30 years. Over time the debt becomes less and less through inflation. [/quote] You do you I guess?[/quote] Financially paying down your mortgage is a TERRIBE move. Do the math and you’ll see. Obviously you made this decision based on your emotions and not wanting to have debt. Which is fine, but in the long run you would be much, much better off having let TIME and inflation pay down your mortgage instead of your hard earned money. [/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
