Thread: Investing 102
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Old 06-07-2012, 06:23 AM
takid455 takid455 is offline
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A thought on the long term mortgage. I have always been tought to pay off debt a quick as possible so you dont pay interest. While interest is tax deductible, its still more interest than tax savings.

You would have less principle invested in house or property if paid off sooner than later.

Ex
house = 300k
interest say 6% (taxes, fees included)
you would pay almost 600k at the end of 30yrs

Guess is your other investments are yielding greater than the loan interest, that would be a reason to hold off on quick payment.
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