San Diego Housing Market News and Analysis
paying off mortgage. new tax law.
User Forum Topic
Submitted by scaredyclassic on January 17, 2018 - 8:59am
limited deductibility might change analysis for paying off mortgage early.
AMT kills that deduction anyway. wrote about this a few weeks ago, but tax law was in flux.
i owe about 370k at 3.375.
i think its about 13,000 a year im paying in interest? to get a 13,000 return id need to earn about 24,000 pretax. thats over 6% of 370k.
6 perc pretax return sounds damn good, even for the stockmarket. is it really so conservative an investment to pay off mortgage? 6 perc pretax sounds good, even longterm.
why is this paying off mortgage considered conservative move.... longterm isnt 7 perc considered an optimistic, perhaps unrealistic avg stock mkt return? it is when discussing pension plans projected rates of return, anyway...
i think im gonna do this....
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