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Money and Finances
Reply to "We are officially mortgage-free!"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There is a very important reason to respond to this thread. We don't teach financial education in high school, and that keeps people poor. This post was written as a self-congratulations for a goal that others might try to emulate. But they do so at their own expense, mostly due to a lack of education. It is great to accomplish goals. But it is imperative that people understand they should do the math first.[/quote] Except nowhere does OP say that they prepaid the mortgage. I will be very excited to pay off my mortgage and be done with that bill - which will happen 360 months after we signed the documentation. You're making an assumption and then castigating someone based on it. [/quote] They got a 15 year mortgage instead of the standard 30. This is a forced prepayment plan.[/quote]
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