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Updated almost 14 years ago on . Most recent reply

User Stats

91
Posts
13
Votes
Tin Lam
  • Wholesaler
  • garden grove
13
Votes |
91
Posts

How long does it take to pay off your 30 year Mortgage?

Tin Lam
  • Wholesaler
  • garden grove
Posted

How long does it REALLY take to pay off your 6% 30 years mortgage if you have already 5 years in?

Most Popular Reply

Account Closed
  • Full-Time Investor
  • Charlotte, NC
1,562
Votes |
2,280
Posts
Account Closed
  • Full-Time Investor
  • Charlotte, NC
Replied

i'm actually a fan of leverage...if you can lock in long term fixed debt right now, i don't understand paying cash from an investment perspective--put emotions and ideas of your comfort zone away and just look at the math...by paying off a mortgage early, you're effectively earning the interest rate of that mortgage on your cash...so around 6%...if you're a half decent investor, you should be able to better than that, and stay leveraged.....and btw, that was a terrible post...your profile says you're a student..maybe it's bc i don't trust a lot of people, but what's your angle??

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