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Reply to "Mortgage recast vs extra payments"
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[quote=Anonymous][quote=Anonymous]Some commenters can’t seem to understand that most people cannot continue to afford their mortgage payments once they retire. Now that rates are so high they also likely can’t afford to move. Best option to maintain lifestyle - not grow wealth that’s not what this is about - is to recast while still earning so that they can lower the monthly to a manageable amount for retirement years. [/quote] If you still have a mortgage, you don’t have any business retiring yet.[/quote]
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