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Reply to "Mortgage recast vs extra payments"
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[quote=Anonymous][quote=Anonymous]In fact, it’s a very nice expense in that it’s tax deductible, predictable, and declines in real value over time. I love my mortgage; have a strong emotional attachment to it. Im buying 30-40% LTV loans and bonds at 5-6%+, treasuries at 4-5%+ and equities at (a riskier “more”), have liquidity, convexity*, greater total return and lower risk on my side. my only regret is not taking cash out in 2021, should have paid a higher rate to get a few hundred grand more of this amazing and beautiful liability. [/quote] We took out about 200k in 2021 and spent it on home renovations. Our rate is 2.375 for a 15 year mortgage. We will pay it off right around when we retire in 12 or 13 years. [/quote]
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