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To: brianl703

brian1703 axes a question: “Why would I pay my loan off as soon as I can?”

Answer #1: Because you live paycheck to paycheck and have too much credit card and HELOC debt.

Answer #2: Because you love co-owning your home with a bank.

Answer #3: see answers #1 and #2


12 posted on 11/20/2023 3:00:53 PM PST by fatboy (')
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To: fatboy

Did you miss the part where my loan is a 3% loan and I have enough money to pay it off earning 5% in a CD?

Yes, that’s right, that money is earning MORE than my monthly interest payment on my loan.

Again, why would I pay it off, given that?


13 posted on 11/20/2023 5:21:37 PM PST by brianl703
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