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In Reply to: We're planning to do it. posted by ghost of olddude55 on April 26, 2022 at 06:27:41:
...if you have a low-interest FIXED mortgage--let it ride and pay it out. With interest rates as low as they have been (for quite some time), and even with a decent/good credit rating, you'll NEVER borrow money this cheaply again--at least not for a LONG while. Not ALL debt is "bad debt". So payoff your house at 2.8% and then go spend some money on your 14% CC, 12% car-loan, or maybe some 8-10% student loans. What did you gain?
"And today is for sale and it's all you can afford. Buy your own admission. The whole things got you bored. Well the Lord chooses the good ones, and the bad ones use the Lord"--a very dear friend for decades Michael Stanley (Gee)--RIP
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Follow Ups
- It all boils down to interest rates... - dark_dave56 04/26/2207:26:28 04/26/22 (0)