Exactly. My 30 year @ 4% will never be paid off early... unless I hit the lottery and get Weld cash.
FLASH.
Even if I was to get more cash, I would never pay off my home early..And now I am looking at a property that I may purchase at 3.6 %APR. Another Luxury home and sell the McMansion at a profit..
With these rates, We should keep the loan for the full term...
Congrats on your timing...Again, I too planned my exit and my entry..
Sure I wish that I put it all in the market in February of 2009, but I put in a couple hundred grand from the Luxury home sale, and then put down enough on the Home to make the payment doable without any stress..
I knew the home prices would stay low, but I did not see the rates staying low, and even going lower.. So I did not get it all right..If I had seen the future, I would have made even more moves to secure my wealth, but we never know what is going to happen..
But we can sure plan it well if we are smart, patient, and not greedy..Also I sold the Luxury home normally, and I bought an REO..Now I am low balling a Short Sale luxury home just to see if I get it...It would give me more instant equity, but it is a long shot...