Comments on: Not paying off 30-year mortgage a good deal? http://www.mightybargainhunter.com/2006/02/04/not-paying-off-30-year-mortgage-a-good-deal/ Personal finance, commentary, and spending less the easy way Fri, 19 Mar 2010 14:24:44 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: john http://www.mightybargainhunter.com/2006/02/04/not-paying-off-30-year-mortgage-a-good-deal/comment-page-1/#comment-4240 john Thu, 29 Jun 2006 19:23:55 +0000 http://mightybargainhunter.com/2006/02/04/not-paying-off-30-year-mortgage-a-good-deal/#comment-4240 If we are talking about an investment property (commercial or residential) then why not? You will be able to estimate you fixed expenses for 30 years. As inflation rises, so will your rents, but your mortgage payment stays the same. Assuming you put in upgrades every 5 years to maintain the value of the investment, how could you go wrong? The value of real estate over the long term is always a significant increase. If we are talking about an investment property (commercial or residential) then why not? You will be able to estimate you fixed expenses for 30 years. As inflation rises, so will your rents, but your mortgage payment stays the same. Assuming you put in upgrades every 5 years to maintain the value of the investment, how could you go wrong?
The value of real estate over the long term is always a significant increase.

]]> By: john http://www.mightybargainhunter.com/2006/02/04/not-paying-off-30-year-mortgage-a-good-deal/comment-page-1/#comment-1252 john Sun, 16 Apr 2006 10:27:27 +0000 http://mightybargainhunter.com/2006/02/04/not-paying-off-30-year-mortgage-a-good-deal/#comment-1252 Many for-fee credit repair organizations also exist. These organizations employ less standard solutions. Many websites recommend against using credit-repair organizations Many for-fee credit repair organizations also exist. These organizations employ less standard solutions. Many websites recommend against using credit-repair organizations

]]> By: trader http://www.mightybargainhunter.com/2006/02/04/not-paying-off-30-year-mortgage-a-good-deal/comment-page-1/#comment-1219 trader Wed, 12 Apr 2006 11:37:16 +0000 http://mightybargainhunter.com/2006/02/04/not-paying-off-30-year-mortgage-a-good-deal/#comment-1219 forex trading is about descipline, money management and risk management. One need not be an economist to predict the forex market. One need not keep watching market through out the day (and night) to trade in forex market. forex trading is about descipline, money management and risk management. One need not be an economist to predict the forex market. One need not keep watching market through out the day (and night) to trade in forex market.

]]> By: Matt http://www.mightybargainhunter.com/2006/02/04/not-paying-off-30-year-mortgage-a-good-deal/comment-page-1/#comment-1184 Matt Thu, 06 Apr 2006 21:05:14 +0000 http://mightybargainhunter.com/2006/02/04/not-paying-off-30-year-mortgage-a-good-deal/#comment-1184 If inflation is 3% and your mortgage rate is 5.75%, you're still saving 2.75% tax free on your mortgage, correct? That's if you factor in inflation. Be sure to calculate this factor in any other investment you may have chosen. 5.75% is a great rate by the way. If yours is larger then you would be saving more with an early payoff. Also note on many other investments that you may choose,other than paying off your mortgage early, you must pay taxes on the gains. When paying off your mortgage early you are saving money on interest and this is not taxable. I also like the fact that the interest rate (5.75% here) is guaranteed unlike any investments in the stock market. That's my opinion. A riskier investor will probably choose to invest their money somewhere else. If inflation is 3% and your mortgage rate is 5.75%, you’re still saving 2.75% tax free on your mortgage, correct? That’s if you factor in inflation. Be sure to calculate this factor in any other investment you may have chosen.
5.75% is a great rate by the way. If yours is larger then you would be saving more with an early payoff.

Also note on many other investments that you may choose,other than paying off your mortgage early, you must pay taxes on the gains. When paying off your mortgage early you are saving money on interest and this is not taxable.

I also like the fact that the interest rate (5.75% here) is guaranteed unlike any investments in the stock market.

That’s my opinion. A riskier investor will probably choose to invest their money somewhere else.

]]> By: Shannon http://www.mightybargainhunter.com/2006/02/04/not-paying-off-30-year-mortgage-a-good-deal/comment-page-1/#comment-736 Shannon Fri, 24 Feb 2006 05:42:15 +0000 http://mightybargainhunter.com/2006/02/04/not-paying-off-30-year-mortgage-a-good-deal/#comment-736 Interesting point of view.. Cant really say I agree, but. Guess we cant agree on everything, right? Interesting point of view..
Cant really say I agree, but.
Guess we cant agree on everything, right?

]]> By: Free Money Finance http://www.mightybargainhunter.com/2006/02/04/not-paying-off-30-year-mortgage-a-good-deal/comment-page-1/#comment-649 Free Money Finance Mon, 06 Feb 2006 11:16:13 +0000 http://mightybargainhunter.com/2006/02/04/not-paying-off-30-year-mortgage-a-good-deal/#comment-649 <strong>Carnival of Debt Reduction...</strong> Welcome to this week's edition of the Carnival of Debt Reduction. As a summary of each piece, I'm listing each author's reason for submitting the post to the carnival (for those that submitted one) and/or a bit of the post... Carnival of Debt Reduction…

Welcome to this week’s edition of the Carnival of Debt Reduction. As a summary of each piece, I’m listing each author’s reason for submitting the post to the carnival (for those that submitted one) and/or a bit of the post…

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