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Frostkiss
RealPoor Guru
Joined: 20 Oct 2002
Posts: 2018
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 Posted: 10/20/05 - 04:21 Post subject:
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Time for Cali to file for seperation!
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lotek
RealPoor Sensei
Joined: 12 Oct 2002
Posts: 1598
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Posted: 10/20/05 - 11:17 Post subject:
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| kireol wrote: | | how much is your mtg for right now? |
quite a bit more that $315k. Its one loan, and no pmi.
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lotek
RealPoor Sensei
Joined: 12 Oct 2002
Posts: 1598
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Posted: 10/20/05 - 11:23 Post subject:
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| sinrakin wrote: | | I'm trying to decide whether to pay off my mortgage or not. It's 15 years for about $220k at 5%. That 5% is still around 11k a year, which thanks to AMT is not fully deductible, and I'm not sure my investments these days are doing much better than that. Some are, some aren't. I'm half tempted to just pay it off, but if interest rates go up, in a few years a 5% mortgage could seem like a real asset. I could probably put more work into my investments and do better there, but I don't have a lot of time and the opportunities seem kind of limited these days anyway. |
15 year loan at 5%? I wouldnt worry about paying it off. you could throw an extra $100 a month at it, but really, you have already covered most of the interest by going with a 15.
Im paying extra each moth because of my 30yr. I wont pay principal unless I pay extra for years.
now, if its a choice between paying extra on your house, and more cocaine, well, only up your cocaine intake a little.
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kireol
RealPoor Master of Posts
Joined: 02 Aug 2003
Posts: 9517
Location: Royal Oak, MI
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Posted: 10/20/05 - 12:08 Post subject:
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| lotek wrote: | | kireol wrote: | | how much is your mtg for right now? |
quite a bit more that $315k. Its one loan, and no pmi. |
at your rate with no PMI, that means you are more than 20% equity in. good job. 
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