[corlorde]

$300,000 mortgage

Woah, not me..

[JimRed]

$300,000 mortgage

Woah, not me..

The payment on $300k at 4% is only $1,432.20 a month. That's less than renting in a lot of markets. And the interest portion (most of it, in the early years) is deductible from your income for tax purposes.

If you can afford to own outright, by all means do so. But remember, rent is gone forever; mortgage payments build equity.

[Original Lurker]

Same here. I bought a house in a nice neighborhood I could afford. Paid it off in 8 years. Became 100% debt free in my mid forties.. Life’s good.. Ahhhhh!