I think a more accurate calculation in the scenario where you pay off your mortgage early should also include putting all the money you'd be putting towards your mortgage into the market for the 5 years that the mortgage is paid off
Why not sell home, pay off debt and invest proceeds for long term growth from sale of home? Paying interest on nothing and watching compound interest go to work for next 20 years
@@zachadkins5833 probably just rent. Our home has more than doubled in value and we’re getting close to having to deal with some big ticket items that we don’t have the savings for. (Furnace replacement, re-do stucco). Guess the future just scares me because of the amount of money we’re going to put into our home as it ages. Property taxes and homeowners insurance is just going up every year also since we’re in a fire prone area.
@@zachadkins5833 probably rent. Our house has more than doubled in value. We have some big ticket items coming up like furnace replacement and the stucco has to be redone. We don’t have the savings for those. Guess I’m just worried about putting more money in to the house. Seems like we’re in a sweet spot to sell. Property taxes and homeowners insurance are rising fast since we’re in a fire prone area. Homeownership is stressful and expensive and definitely not for everyone
I like your mindset and explanation. Thanks for your sharing.
Thank you this Video, it’s very helpful to understand both scenarios and then decide
@@danapalacios3209 Glad you liked it!
I think a more accurate calculation in the scenario where you pay off your mortgage early should also include putting all the money you'd be putting towards your mortgage into the market for the 5 years that the mortgage is paid off
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I have a 3.25% mortgage. My plan is to invest, but at the same time, toss a little more on principle. I just hate owing money.
@@striperkid That’s a smart way to do it even with a fantastic mortgage rate 👍
Aint nobody paying off a mortgage in 6 years 😂
Why not sell home, pay off debt and invest proceeds for long term growth from sale of home? Paying interest on nothing and watching compound interest go to work for next 20 years
Where would you plan on living?
@@zachadkins5833 probably just rent. Our home has more than doubled in value and we’re getting close to having to deal with some big ticket items that we don’t have the savings for. (Furnace replacement, re-do stucco). Guess the future just scares me because of the amount of money we’re going to put into our home as it ages. Property taxes and homeowners insurance is just going up every year also since we’re in a fire prone area.
@@zachadkins5833 probably rent. Our house has more than doubled in value. We have some big ticket items coming up like furnace replacement and the stucco has to be redone. We don’t have the savings for those. Guess I’m just worried about putting more money in to the house. Seems like we’re in a sweet spot to sell. Property taxes and homeowners insurance are rising fast since we’re in a fire prone area. Homeownership is stressful and expensive and definitely not for everyone
@@zachadkins5833 he plans on living in a van