No. of Recommendations: 1
Waiting for the buyer's mortgage has brought up all of the bad memories associated with mortgages. Remembering brings up all the old emotions. I working on emotionally detaching, but it isn't easy.

Work on it! It is generally the case that in finances, the more emotionally comfortable something is the less remunerative it is.

In the case of a mortgage these days, having a big mortgage is a financial no-brainer. A 30-year non-callable loan at a fixed rate of ca. 4%, which you can unilaterally refinance to a lower rate whenever you choose.
It's not that difficult to earn 6%+ inproperly chosen investments (bonds & preferred stocks).

Jumping through the hoops when getting a new mortgage is a pain, but after that you can earn a steady net 2%-3%. Set your payments up with automatic bill-pay, and you never need to fiddle with checks.
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
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.