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wwotd and why

Old 12-06-2018, 09:57 PM
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flange
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Default wwotd and why

what would off topic do and why

I never was one who thought paying off a mortgage mattered much. my current mortgage is at 3.25% and was a ten year note a few years back. I can easily pay it off but never really cared to do so. money market earns 2%, retirement is fully funded each year, plenty of other investments. I earn more in interest each month than I pay, as the mortgage and bank account is at the same credit union. please make a case for me paying it off or not.
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Old 12-06-2018, 09:59 PM
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If your mortgage is paying for itself, why pay it off early? I'd maintain the status quo.
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Old 12-06-2018, 09:59 PM
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If you can invest that money and earn > 3.25% then pay it off.

/thread
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Old 12-06-2018, 10:05 PM
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I'm pretty sure we need pix of the wife to render guidance about this.
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Old 12-06-2018, 10:08 PM
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Your age?
Mortgage balance?
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Old 12-06-2018, 10:23 PM
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Originally Posted by LarsAtTheBeach View Post
Your age?
Mortgage balance?
50 118k
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Old 12-06-2018, 10:26 PM
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Originally Posted by flange View Post
50 118k
drop mortgage, plan rest of life

.... mortgage money goes to the bank; your bank

Last edited by MAD IN NC; 12-06-2018 at 10:26 PM.
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Old 12-06-2018, 10:36 PM
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Originally Posted by MAD IN NC View Post
drop mortgage, plan rest of life

.... mortgage money goes to the bank; your bank
rest of life money is planned. I got an annuity off that one guy who posts here and have some of my money in social security account waiting for it to pay out.
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Old 12-06-2018, 10:39 PM
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Originally Posted by flange View Post
rest of life money is planned. I got an annuity off that one guy who posts here and have some of my money in social security account waiting for it to pay out.
If you have a thick ****, there's nothing more to want.
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Old 12-06-2018, 10:48 PM
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Originally Posted by Knooger View Post
If you have a thick ****, there's nothing more to want.
mine is, but somehow I don't think that's what you mean by have
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Old 12-06-2018, 10:52 PM
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Originally Posted by Knooger View Post
If you have a thick ****, there's nothing more to want.
He'll still be wanting sheep...

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Old 12-06-2018, 10:55 PM
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Originally Posted by dvarapala View Post
He'll still be wanting sheep...
they need lovin too, but the farm up the street only has holsteins
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Old 12-06-2018, 11:03 PM
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The real question is what do you want to do? The only advice which will be generally well received is that which supports a decision a person has already made.

Seriously, the math is easy, so if that's all that matters, you have an easy choice. Speaking for myself, even if I can get 0% financing on a car, I'll still pay cash, because what I'm "buying" with the lost investment gains, whatever they maybe, is peace of mind in being free of debt. I despise debt, and I'm willing to pay to avoid it!
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Old 12-06-2018, 11:03 PM
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118k would buy a lot of hookers and blow. So why use it to pay off a mortgage?
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Old 12-06-2018, 11:09 PM
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Originally Posted by all4c4lt4 View Post
118k would buy a lot of hookers and blow. So why use it to pay off a mortgage?
I have plenty of other money allocated for playtime, but don't do drugs of any kind just booze. the hookers travel with me though and they are free to do blow in the ladies room, I don't judge.
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Old 12-06-2018, 11:09 PM
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Originally Posted by flange View Post
mine is, but somehow I don't think that's what you mean by have
We were on the same page, no gayness in that post.
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Old 12-06-2018, 11:13 PM
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Originally Posted by Stevedore View Post
Seriously, the math is easy, so if that's all that matters, you have an easy choice. Speaking for myself, even if I can get 0% financing on a car, I'll still pay cash, because what I'm "buying" with the lost investment gains, whatever they may be, is peace of mind in being free of debt. I despise debt, and I'm willing to pay to avoid it!
We do the same, pay cash or pay off fast. Sure, someone can argue that it isn't the right way to do it, but they can **** off. We'll spend our money how we choose.
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Old 12-06-2018, 11:14 PM
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If the interest rate is that low and you already have the loan, then let the loan sit there and if you want another property pay cash with what you have currently fluid. This way you don't have to deal with the bank for another loan and get carpal tunnel syndrome signing your name to all the damn papers.

if it wasn't you asking I would probably say pay it off to be done with the damn thing, but I suspect you will be purchasing something else soon enough to justify letting the lone ride.
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Old 12-06-2018, 11:19 PM
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Originally Posted by K-Spaz View Post
If the interest rate is that low and you already have the loan, then let the loan sit there and if you want another property pay cash with what you have currently fluid. This way you don't have to deal with the bank for another loan and get carpal tunnel syndrome signing your name to all the damn papers.

if it wasn't you asking I would probably say pay it off to be done with the damn thing, but I suspect you will be purchasing something else soon enough to justify letting the lone ride.
I just bought a new commercial building to rent to one of my businesses. cash deal.
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Old 12-06-2018, 11:29 PM
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Originally Posted by flange View Post
I just bought a new commercial building to rent to one of my businesses. cash deal.
I hope you're going to make me feel good here and tell me that I was not instrumental in providing that cash.
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