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Updated over 7 years ago on . Most recent reply

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Nikolay Afanas
  • Farmington, MN
3
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Help me make the right move

Nikolay Afanas
  • Farmington, MN
Posted
Everyone has different story's had different amounts of money to start now for a guy that owns a home and has enough cash to pay it off or to keep the loan at what it is and buy 1-2 places with a down payment with the market over price the way it is would it be smart to do it now? Or would it be smarter to just pay off the home I live in and wait for the right deal where do I start

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Aaron K.
  • Specialist
  • Riverside, CA
3,802
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

what is the money you save from paying off your primary mortgage?  Compare that to the return that you would see if you invested.  Also do what you are comfortable with, don't overextend yourself in a way you aren't comfortable with just because "the math" says so, your peace of mind is worth more than that.

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