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Author: nagdabbit Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76093  
Subject: Re: Home Ownership not a good investment Date: 4/22/2014 7:15 PM
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We own our home...have for years.
It was my/our prioity to pay it off and it was fun, an adventure.
I just love paying off things, spreadsheets and what-if.

A mortgage payment for some people is forced savings. Most Americans have to be forced to save.

Yes, perhaps it is forced savings, but does it anyone wrong? In my opinion, not in the long term.

It's a good thing.
And by paying a mortgage down you get rid of your mortgage quicker - bam - and on auto-pilot- you get it at a lower interest cost. Really! Pay it off earlier.

Putting more on principal, to reduce the mortgage, adding onto your mortgage payments is a no-brainer.

Even 10 bucks extra, now you own that door knob.


nag
Who thinks this is most relevant for most mortgages...not all
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