at risk of thread-jack, this may perhaps accentuate the financial benefit of mello-roos early payoff.[/quote]
Very good point. If you are able to pay off your mello-ruse (sic) early, conceivably cash-out refinance on the primary and use the funds to pay off the mello-ruse (sic)…The mortgage interest rate is probably lower than the mello-roos interest rate, you lower the property tax that will be subject to SALT cap, and as exercise for the reader, you can try writing it off with the rest of your mortgage interest deduction. I wish the MR in Carmel Valley could be paid off earlier. I tried, it can’t.
I sort of regret paying off my 2.5% 15 year mortgage early. A 2 year CD is now at 3% a 5 year CD well above that. If i left the same money in such such a laddered product, it would have been free earned interest. Many of you that kept with your ridiculously low 15 and 30 year fixed loans when rates were around 3% are going to make out like bandits. You won’t be able to rent out a comparable home these days at comparable monthly costs, so what motivation would you have to sell?
