LOL :banghead::picard::lol::hitit::fail::ham::io:
:bush:
may seem like a dumb questionā¦but how would i figure this out? I pay an extra $2k a year towards my principal. I borrowed $80k with a 30 year mortgage.
Iāve always looked at paying off loans and saving the interest as one of the easiest ways to āmakeā money. I know people who received settlements and didnāt pay off their mortgage, as if they were gunna make a safer 6% on their money. People look at the payment they donāt have to make but itās really about the interest you save. If you only payed $100k in interest instead of $200k, then thatās $100k you wonāt be spending on nothing. $100k worth of traveling the world.
it was about 2 months ago, and I paid 2 points to get it that low.
the next house will probably be another 20 years after purchasing
probably about 35 (5 years) since thatās when Iāll probably sell the house and buy anotherā¦
but if I live in this one for the full 30 years Iād be 59 with no prepayment. I donāt see a reason to get rid of my biggest tax deduction.
it was about 2 months ago, and I paid 2 points to get it that low.
And
Deeboā¦Iām projecting when it would be paid off if no variable changed as of right now. If that helps you understandit better.
iāll own several before i pay off my first
Hi my names willbeen and im soooo cool, look at me.
Seriously though, you paid off your house at 19? That is pretty cool.
Im 30 now and should have it paid off in 2 1/2 years if shit goes to plan. I only owe $80k more. I want it paid off so I can buy a few hundred acres of land for hunting and 4 wheeling.
money from mom and dad does not count 
lol and the house has to be in your name hhaah
Obama is talking about ending the tax advantages of a mortgage/property taxes, if he does it will be devastating to the market. If he does not change the rules, I will always have a mortgage or at least a home equity line of credit.
It absolutely is in my name, and when it sells the money will absolutely be in my bank account. It will most likely be applied toward another house when the time is right.
heās not talk about all of them being doneā¦ right now the tax benefits are setup to benefit the most wealthyā¦ perhaps putting some more caps in place will be a good ideaā¦ who knows, I reserve judgment until I see the plan.
22
I would agree. It is a little different giving the middle class a break on interest payments when they buy their $100-250k house. It is another thing entirely when you have some ridiculous jumbo mortgage for $900k. Limiting the deductible interest doesnāt seem all that bad to me, just like they have limits on income levels that can deduct student loan interest.
I really donāt want to get into the politics in this thread. I will always have a mortgage if there are good tax advantages.
Iāll drink to that!
I hope to have a house I buy in the next 1-2 years paid off in 10 years or less while also purchasing my āfunā car. Which will be both exotic and fast.
when people like you says things like this it always surprises me if youāre doing as well as you make it appear. If you have the coin to do what youāre proposing they why arenāt you smart enough to realize the advantages of a mortgage combined with the ability to invest a lot more money since youāre not making triple payments.