I don’t understand this. For me, I have been in a new house for a year. 30 year mortgage but I want to be in a new house in 10 years. 20% down. 3.125%. I can’t decided whether I should pay it off aggressively so the mortgage is released in 10 years when I want to sell, or if I should make the minimum payments and leave a ton of debt attached to it when I sell.
I understand the concept of getting better than 3.125% gains per year on money that otherwise would be in the house; is that all that is at play here? Or are there computations I can do to further analyze what’s best?
Submitted October 06, 2021 at 08:55AM by GAAPInMyWorkHistory https://ift.tt/3DgUwIh
