First Time Home Buyer

[Orruar]

Originally Posted by Guttzs [You must be logged in to view images. Log in or Register.]

SO calling someone who owns several properties stupid when completely ignorant as to the nature of paying off mortgages early. nvm just keep paying the banks it saves you the time of having more money to keep earning right? fuckwad.

Hmm, pay off some of the 3.5% mortgage or put that money into a bond fund that will gain 5-6% like clockwork. Hell, plenty of blue chip stocks consistently yield 5%+ on dividend alone. Even if you just hold and it never appreciates, you're better off doing that than putting it towards the principle. Add in the fact that the federal reserve is dedicated to inflation, and you're just crazy to pay off a mortgage whose inflation adjusted interest rate is effectively negative.