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darklord700 · 06-11-2014, 10:43 AM

I think having a managable mortgage is a good thing. First the gain is sheltered by principle resident deduction. Second, you are forced to save by paying down the mortgage. In these crazy low rate environment, having a $150K mortgage isn't a bad thing.

Some people'll just waste away their mortgage payment when they become mortgage free.

While I was mortgage free for a while, I bougth better cars like a brand new CRV. Normally, I would have bought a slightly used CRV instead.

06-11-2014, 10:43 AM	#20
darklord700 First Line Centre Join Date: Oct 2009 Exp:	I think having a managable mortgage is a good thing. First the gain is sheltered by principle resident deduction. Second, you are forced to save by paying down the mortgage. In these crazy low rate environment, having a $150K mortgage isn't a bad thing. Some people'll just waste away their mortgage payment when they become mortgage free. While I was mortgage free for a while, I bougth better cars like a brand new CRV. Normally, I would have bought a slightly used CRV instead. Last edited by darklord700; 06-11-2014 at 10:46 AM.