Posted by jbdyer on March 08, 2014 at 11:43:11 from (75.104.202.203):
In Reply to: paying off mortgage posted by austin carpenter on March 08, 2014 at 06:18:21:
My story: Bought my Dad out and built a new house 19 years ago. He loaned me the money for the Land/House. He charged me 6% interest, I had a big down payment too. I got behind about 12 payments during 2009-2011, work slow, bad economy, broken back, etc. I managed to get caught up later and actually paid this place off on Jan. 1, 2014. Paid it off a year early, had a 20 year note, I am 45 years old. Get rid of your debt as soon as you can. There is NO profit in paying even a small amount of interest. I sleep a lot better at night without a house payment. Don't listen to the fools telling you not to pay off. There is a lot of wisdom on this board, these older and younger men have been through a lot and have the hindsight you don't have. Johnny
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