Message Font: Serif | Sans-Serif
No. of Recommendations: 1
I retired in 2010 with a big mortgage (so it seemed). I was OK with that debt because it is an acceptable fraction of our total liquid assets. We ended up selling the house and moving from Michigan to North Carolina so we'd be close to the grandbabies, renting for a while until we figured out exactly where we wanted to live

Since then, we've bought a house (and sold it), bought a motorhome and bought another house. Loan on the motorhome (6%?) and mortgage (@ 4.25%) on the house. We earn far more than that 4.25% (or 6%) with the portfolio and feel it would be small-f foolish to pay the mortgage when I can earn double digits. Just another monthly expense.... and not the largest one. No big deal. :)

I do, however, toy with the idea of paying off the motorhome. Why? Just something that makes me want to reduce our payments. Not a rational thing, more of an emotional thing. Might pay off the student loan too. It's low cost, but emotionally I'd like it. Together, they're under $40k, so no big deal anyway.

Rule Breaker / Market Pass Home Fool & STMP/MTH Maintenance Coverage Fool
He is no fool who gives what he cannot keep to gain what he cannot lose.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.