[NotCranky]

“let me address the miracle software thing discussed on a nearby thread.”

That topic is not being discussed on that thread so much any more. It is more about the, value or lack of, in paying off a house early, by any means.

[NotCranky]

“let me address the miracle software thing discussed on a nearby thread.”

That topic is not being discussed on that thread so much any more. It is more about the, value or lack of, in paying off a house early, by any means.

[NotCranky]

I am not saying that you are in this camp but many people seem to think that having your house paid off some how means you also don’t have your back covered for a rainy day? With my house paid off I can live a lot longer on a rainy day fund, or other resources, than if it were not and I won’t deplete my assets to the tune of the mortgage payment or rent every month, in such a case.

If there comes a time when not going backwards is the best we can do I am ready. It is free illness, depression or armageddon insurance. Some how these considerations are missing from most of the writings on this topic. Maybe, no one writes about this subject for a paranoid audience?

[NotCranky]

I am not saying that you are in this camp but many people seem to think that having your house paid off some how means you also don’t have your back covered for a rainy day? With my house paid off I can live a lot longer on a rainy day fund, or other resources, than if it were not and I won’t deplete my assets to the tune of the mortgage payment or rent every month, in such a case.

If there comes a time when not going backwards is the best we can do I am ready. It is free illness, depression or armageddon insurance. Some how these considerations are missing from most of the writings on this topic. Maybe, no one writes about this subject for a paranoid audience?

[NotCranky]

I am not saying that you are in this camp but many people seem to think that having your house paid off some how means you also don’t have your back covered for a rainy day? With my house paid off I can live a lot longer on a rainy day fund, or other resources, than if it were not and I won’t deplete my assets to the tune of the mortgage payment or rent every month, in such a case.

If there comes a time when not going backwards is the best we can do I am ready. It is free illness, depression or armageddon insurance. Some how these considerations are missing from most of the writings on this topic. Maybe, no one writes about this subject for a paranoid audience?

[NotCranky]

I am not saying that you are in this camp but many people seem to think that having your house paid off some how means you also don’t have your back covered for a rainy day? With my house paid off I can live a lot longer on a rainy day fund, or other resources, than if it were not and I won’t deplete my assets to the tune of the mortgage payment or rent every month, in such a case.

If there comes a time when not going backwards is the best we can do I am ready. It is free illness, depression or armageddon insurance. Some how these considerations are missing from most of the writings on this topic. Maybe, no one writes about this subject for a paranoid audience?

[NotCranky]

No doubt you hit a home run with those strategies for rates and the time frame involved.
To tell you the truth I am just learning more advanced money management from reading here and seraching the web for topics that come up,like hurdle rate ect. JWM posted that idea(hurdle rate) last week.I googled it to a very interesting website. The more learned explanations usually align somewhat with the common sense and intuition I have applied to date.

I paid my house off because of not feeling comfortable or interested in other investments and my projects have been rewarding as well and also keeping me too busy to worry about it. I may make adjustments depending on future parameters.
It will take many more years to know what strategy was best for each of us. I am pretty sure I will stay RE heavy in my small fry sort of way…because of the sweat equity and other factors I bring to that game.Besides that, it is what “makes me tick”. I think risk tolerance/ risk premiums and what our individual strengths are, have legitimate bearing on this decision to pay debt or play leverage.

As always, I appreciate your feedback.

[NotCranky]

No doubt you hit a home run with those strategies for rates and the time frame involved.
To tell you the truth I am just learning more advanced money management from reading here and seraching the web for topics that come up,like hurdle rate ect. JWM posted that idea(hurdle rate) last week.I googled it to a very interesting website. The more learned explanations usually align somewhat with the common sense and intuition I have applied to date.

I paid my house off because of not feeling comfortable or interested in other investments and my projects have been rewarding as well and also keeping me too busy to worry about it. I may make adjustments depending on future parameters.
It will take many more years to know what strategy was best for each of us. I am pretty sure I will stay RE heavy in my small fry sort of way…because of the sweat equity and other factors I bring to that game.Besides that, it is what “makes me tick”. I think risk tolerance/ risk premiums and what our individual strengths are, have legitimate bearing on this decision to pay debt or play leverage.

As always, I appreciate your feedback.

[NotCranky]

No doubt you hit a home run with those strategies for rates and the time frame involved.
To tell you the truth I am just learning more advanced money management from reading here and seraching the web for topics that come up,like hurdle rate ect. JWM posted that idea(hurdle rate) last week.I googled it to a very interesting website. The more learned explanations usually align somewhat with the common sense and intuition I have applied to date.

I paid my house off because of not feeling comfortable or interested in other investments and my projects have been rewarding as well and also keeping me too busy to worry about it. I may make adjustments depending on future parameters.
It will take many more years to know what strategy was best for each of us. I am pretty sure I will stay RE heavy in my small fry sort of way…because of the sweat equity and other factors I bring to that game.Besides that, it is what “makes me tick”. I think risk tolerance/ risk premiums and what our individual strengths are, have legitimate bearing on this decision to pay debt or play leverage.

As always, I appreciate your feedback.

[NotCranky]

No doubt you hit a home run with those strategies for rates and the time frame involved.
To tell you the truth I am just learning more advanced money management from reading here and seraching the web for topics that come up,like hurdle rate ect. JWM posted that idea(hurdle rate) last week.I googled it to a very interesting website. The more learned explanations usually align somewhat with the common sense and intuition I have applied to date.

I paid my house off because of not feeling comfortable or interested in other investments and my projects have been rewarding as well and also keeping me too busy to worry about it. I may make adjustments depending on future parameters.
It will take many more years to know what strategy was best for each of us. I am pretty sure I will stay RE heavy in my small fry sort of way…because of the sweat equity and other factors I bring to that game.Besides that, it is what “makes me tick”. I think risk tolerance/ risk premiums and what our individual strengths are, have legitimate bearing on this decision to pay debt or play leverage.

As always, I appreciate your feedback.

[NotCranky]

“The only thing I can think of is that maybe they meant to send in 1/2 month payment every 2 weeks which means that in a full year you would have made 1 extra months payment. They didn’t spell this out correctly.”

I believe one extra payment will take 5 years off, not 10.The advantage to the bank of having 1/2 the money earlier in the month would have to compensate for the rest. Over the years I have seen a few programs like this but am not sure they were designed to shave years off the mortgage. I think they came with a better rate so the benefit was shared with between the borrower and the leder.

HLS could speak to this very well I am sure.

[NotCranky]

“The only thing I can think of is that maybe they meant to send in 1/2 month payment every 2 weeks which means that in a full year you would have made 1 extra months payment. They didn’t spell this out correctly.”

I believe one extra payment will take 5 years off, not 10.The advantage to the bank of having 1/2 the money earlier in the month would have to compensate for the rest. Over the years I have seen a few programs like this but am not sure they were designed to shave years off the mortgage. I think they came with a better rate so the benefit was shared with between the borrower and the leder.

HLS could speak to this very well I am sure.

[NotCranky]

“The only thing I can think of is that maybe they meant to send in 1/2 month payment every 2 weeks which means that in a full year you would have made 1 extra months payment. They didn’t spell this out correctly.”

I believe one extra payment will take 5 years off, not 10.The advantage to the bank of having 1/2 the money earlier in the month would have to compensate for the rest. Over the years I have seen a few programs like this but am not sure they were designed to shave years off the mortgage. I think they came with a better rate so the benefit was shared with between the borrower and the leder.

HLS could speak to this very well I am sure.

[NotCranky]

“The only thing I can think of is that maybe they meant to send in 1/2 month payment every 2 weeks which means that in a full year you would have made 1 extra months payment. They didn’t spell this out correctly.”

I believe one extra payment will take 5 years off, not 10.The advantage to the bank of having 1/2 the money earlier in the month would have to compensate for the rest. Over the years I have seen a few programs like this but am not sure they were designed to shave years off the mortgage. I think they came with a better rate so the benefit was shared with between the borrower and the leder.

HLS could speak to this very well I am sure.

[NotCranky]

Odds are Alex, that no one will ever use that balcony after the first week of having moved in. I would enlarge it and put stairs down to the yard but that is probably against HOA rules.

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