Quote:
Originally Posted by DoubleF
Theoretically: Let's say he's going to have a mortgage in 3 years either way, but paydown might mean 20 years of mortgage vs 22 years.
From now to mortgage payout (ie: 15+ years later):
($400K) mortgage at 22 years of rates + $25K GIC x 3 years interest
isn't the same as
($375K)mortgage 20 years of rates + 0 GIC interest
We just don't completely know what the difference is.
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This is the internet. I thought we were just supposed to make a series of assumptions that aligned best with the point we felt like making at that particular moment.