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Old 03-20-2006, 01:24 AM  
MikeSmoke
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Join Date: Nov 2002
Location: SoCal
Posts: 3,233
Best thing you can do....
Take out an interest-only mortgage...
Then take the amount that you WOULD be paying on the principal each month, and pay it into an account that's used to invest where you earn a good interest rate.
When you're paying principal to the mortgage company, you're taking money and handing it to someone who will not be paying you anything in return for it.
I don't have the numbers in front of me so I don't remember the exact time frame, but at a decent interest rate, your "principal" invested elsewhere will accumulate enough (with compounding) to pay off your entire mortgage in the area of 15-18 years or so.
You can thank me then.
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