Quote:
Originally Posted by bossku69
thanks for your feedback Will. What I'm trying to prevent is to be in over my head with trying to sell the house in 7 to 10 years. Of course real estate appreciates, but if i can pay off a bit more faster thats more $$ in my pocket.
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Actually paying it off sooner is the opposite of $$ in your pocket. Aren't you using money from your pocket to pay it off? I agree with woj that your effective rate is about 3.8%. Wouldn't you rather have a long loan at 3.8% if you can make 6-8% elsewhere with the money that would go to pay it off early? Especially if it's in stocks or bonds which is much more liquid than payments to your bank. If you need the money down the road you'll appreciate it being liquid.