Is It Good to Pay Off a Mortgage Early?

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In my last article, I ended by saying that I don’t believe in paying your house off early. Today I will explain why I think what I think. Yes, we all know debt is a terrible thing! So shouldn’t it make sense that we should want to pay our houses off?

I urge you to consider this material. Things are not always what they seem.

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Does the rising prices on Gas, Groceries and everything else have you worried that you won’t be able to meet your financial obligations? Worry No More!

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Originally posted 2013-07-28 17:01:44.

Debt loans mortgage pay off your house

  1. author
    Scott L. DeGuise8 years ago

    You apparently do not know a thing about investing, the typical investment of 12%, did you pull that out of your a** of what. Good luck on finding such an investment. I would suggest paying off your mortgage. Most mortgages are front heavy and are all interest. Not impressed!

  2. author
    Free Your Mind (Author)8 years ago

    Well Scott,

    I guess it’s a good thing that I didn’t write this post to impress you or I would be completely out of luck.

    As far as getting 12% on an investment… only a person who doesn’t know any better would have to be “lucky” to find an investment that is over 12%. Especially when this type of information is publicly available.

    http://biz.yahoo.com/p/tops/usstk.html
    http://biz.yahoo.com/p/tops/fixed.html
    http://biz.yahoo.com/p/tops/intls.html
    http://biz.yahoo.com/p/tops/hybrd.html

    And I clearly stated in my article that based on the numbers, the person who pays the minimum on a house note and invest the rest will ALWAYS have more money in the end, unless the % that they get on their investment is lower than their mortgage interest rate, minus inflation and minus the tax deduction. So you don’t even need anywhere near 12% to justify my argument.

    But I appreciate your suggestion

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