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No. of Recommendations: 6
PSUEngineer,

You wrote, IMO, you shouldn't add up the total interest paid on a mortgage and be shocked. The total interest paid is not that important. What is important is maximizing your net worth. It could be that the total interest paid on the mortgage is smaller that the total earned on investments from not paying down your mortgage.

It is my intention to pay the maximum amount of interest on my mortgage by not paying one extra penny towards it for the life of the loan.


Wendy's original epiphany was 30 years ago. To put things in context, according to Freddy Mac December 2014's average rate for a 30 year FRM was 3.86% while January 1985's 30 year FRM rate was at 13.08%. At 1985's rate, I'd be paying my mortgage off quickly too. My current mortgage is at 3.5%. At that rate I'm really in no hurry as most investments will outperform it. But that hasn't always been the case.

Just saying...

- Joel
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