The True Value Of Having A FULLY Paid Off Home

[@jjbuckner]

If I Started Investing Today, I Would Do THIS: kzbin.info/www/bejne/d2qXk59_Yt6fnK8

[@FennaVa]

My wife and I's monthly payment was $2415 month. We would pay an extra $500 a month towards the principal. We currently just refinanced to get a lower interest rate and to get off of PMI. Our new monthly payment is $2918 a month. We plan on still paying $3700 a month but are now going to do bi-monthly payments.

[@marcellasilva4015]

Instead of extra payments, I suspect you would be better off putting the $782 per month into shares of Apple and Amazon. The video more or less describes how you can get out of being a debt slave When you have cash you have options. Smart people hold on to cash. They don't instantly shove it toward debt. Once it is used to pay on the debt, it is no longer accessible.

[@ralfbrown-kl1gp]

I think there should be a balance between the amount of debt you incur and the amount of cash you can invest. I would rather have a $1000 house payment and $1000 going into stocks than a $2000 house payment and no stocks. If you have cash and you’re confused I will suggest you contact a finance advisor

[@GeorgianaScallion]

wow that’s stirring! Do you mind connecting me to your advisor please.

[@rack9458]

​@@marcellasilva4015It makes zero sense to hold on to cash at 2% when you are bleeding 7% in mortgage interest.

[@ralfbrown-kl1gp]

Sharon Ann Meny is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@philmarsh3859]

A paid-off house is the real status symbol. One people can't see. Even on a 900sf or smaller, tiny one bed one bath house it's something to be proud of.

[@alanj9978]

Paid off ours in 2020 when we were paying 3%. Everyone said we were dumb. I'll take sleeping soundly over being smart.

[@PGXPPR]

I don’t understand how not paying interest is dumb. My house is paid off and now I get to hang out with my kids instead of running the rat race and having someone else raise them.

[@lopesphoto]

I started with a 30 year mortgage refinanced to a 15 and then a 10 year at 2.4%. At that rate which was very low was tempting to just keep the loan. I paid it off a couple of years before the 10 year mark. The math was in favor of keeping it but the mental aspect of not having any debt was the better option. Of course I never truly own the house with property taxes but at least I know I’m debt free.

[@logdon17]

That's what I tell people, you should pay it off since the low interest rate makes it possible to pay it down quickly. If the interest rate was 15% you would have little chance to make any headway.

[@xman7688]

It's not dumb, but it's just that you borrowed relatively cheap money. Even savings accounts are paying over 5% right now. Math is emotionless

[@Beautifulisnature]

Sleeping soundly is far from dumb, congrats

[@HodgeChris]

Great video! For 2024, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

[@carssimplified2195]

You are right! I’ve diversified my $450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

[@carssimplified2195]

Finding financial advisors like Aileen Gertrude Tippy’’ who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@leweezo33]

You nailed it.. I am 55 and legally blind but I just paid off my home. My life is so much less stressful now. We are stacking the money in retirement funds and savings. Another thing I would advise anyone else... Buy a car and keep that car for as long as possible. Car payments are the biggest destryer of wealth out there. Big payements on a declining assett. We bought a Toyota Tundra in 2003 and it is still what she drives today. That truck alowed us to pay off the house early and that aalows us to stack money now. I feel for the new gens and how prices are so high but be smart with your money and you can make it.. Watch more vids like this and less conspiracy theory vids

[@Chrissers2010]

In the 1990's, with a 9% mortgage, I paid off my first home in my early 30's and haven't had a mortgage payment since. We are now, in our late 50s, and finishing up building our empty nester home on a scenic river. You are right on, the peace of mind of a paid off home is well worth it. My son and his wife recently paid off their mortgage in their early 30s as well.

[@romangolovko8306]

I built a shop few years with living space in it. Free shop free rent. Working on cars and Charging $100 per hour. I can work couple hours a day and be comfortable. Totally recommend to everyone.

[@Marcel-ji5nq]

My wife and I paid our home last friday 3/21/2024, 383K in 30 months, during that time we kept maxing out our 401K and HSA, the secret create a spread sheet to visualize the end goal, dont have car payments and work for butt off.

[@jeffk3368]

Sounds like you made a ton of money - nice decisions on how to spend it!

[@aggressork9]

This is coherent and true! We don't know how much time left for us on this planet, what's the point of paying my mortgage off at the age of 70?

[@jimbobhaha]

I sleep really well!!! Paid cash 3 years ago. "Zestimate" is 3.5X our purchase price, 2021. And, I pay less than 200/mo for property tax and insurance... 3 bed/1 bath. Father of 4, turning 37 this year... 🎉

[@livefromvn6169]

Congrats! What state are you in?

[@jimbobhaha]

@@livefromvn6169 I'm in a state of confusion most of the time..

[@jimbobhaha]

@livefromvn6169 I'm usually in a state of confusion... Often times in a state of depression.. And sometimes in a state of happiness.

[@livefromvn6169]

@@jimbobhaha To write a comment like that you must be so depressed with your life to write fake comments and pointless responses.

[@jimbobhaha]

@@livefromvn6169 what do you mean?

[@maness2112]

No one has ever said, "i miss my mortgage".

[@davidbrayshaw3529]

You can take that to the bank!!!

[@maness2112]

@@davidbrayshaw3529 every friday!

[@debbieamper6888]

I’m Filipino American and my wife is a Filipina who came to America at a young age. We are thinking of taking our money and buying a nice, comfortable home in Asia for less than 80K$. Food is significantly cheaper and the healthcare systems are top notch. The meat is fresh and the tropical fruits and vegetables are so delicious. We plan on living quite comfortably in Asia for less than 2000$ a month. We know many people who have taken their hard earned dollars and retiring to cheaper places over seas. Europeans have been doing this for a while. If we come back to the USA for visit, we’ll just stay with family. I plan on spearfishing around the pacific and meeting locals and living off the land. My wife is an amazing cook and I’m an aspiring sous chef.

[@jameskreofsky5481]

Check out the cost of living in a Tiny Home. Run the numbers on renting, buying and the huge taxes and upkeep owing ( really the Gov owns it you lease it) I do 7/5 REtired. Five living in MX on the cheap here is outrageous cost and no leadership and crime running rampant.

[@j.rothchild173]

I sold mine and used the equity to buy cash ! No house payment feels so good! Moved out of city limits and my yearly taxes are $500 x yr!

[@pointnIaugh]

Paid my condo off 10 years ago, now the HOA and the insurance is pretty much making me pay rent on a place that I own.

[@TheLethargicAge]

Don’t forget the property taxes

[@lawrence809]

Not to mention the property tax too. The govt with their hands out gets old.

[@neptunedawn7121]

Can you sell your condo and buy a house with no HOA? Still have to pay property taxes and homeowners insurance.

[@pointnIaugh]

@@neptunedawn7121 Yeah, I can buy a house, it's just that I don't want to do the work. I'm seriously considering just renting a place and doing away with all of the liability. In reality, it would probably cost around the same.

[@jaimeborges9135]

So you are paying like 2000 a month in HOA?

[@PCCrain-2023]

I put what I can extra on the mortgage, but we're only 3 years into our 30-year mortgage, and the house needs work. Thankfully, we are debt free other than the house. I've thought about selling and buying cheaper, but I'd have to work on the house first. Also need to get a newer vehicle and dont want to take a loan. Thanks for the video.

[@sstaub]

Too bad we are still stuck with property tax and insurance. For me, that’s half the mortgage payment.

[@annoyed-b3y]

great videos. my homes are paid off I flipped 4 homes, I gam also a private lender on a home. it's a blessing not having a payment, no car or cards. I'm 53 and I do what I love. travel some, more family time. I purchased my dream home, a cabin in the woods off-grid my family loves it.

[@jacobside2656]

Paid mine off June 2023, 8 years early, not having a 1100 mortgage payment every month, and just having to have 300 a month to pay the taxes. It is just so freeing

[@03Mach1dmb]

Our mortgage is $2,700. We pay an extra $2k/month. We can feel the freedom getting closer with each payment.

[@mkitten13]

I paid mine off last year (on my 39th birthday, lol). I definitely felt the freedom it gave. It allowed me to restructure my budget to both save significantly more, but also allowing myself more leeway in my spending so things no longer felt as tight. This year I finally got myself a car (should note that where I live a car is less of a necessity and more of a luxury) which gave me more freedom of time. And the best part about waiting to get a car until now is knowing that I don't have to worry about surprise bills because I have more than enough money freed up in my budget to cover it and then some. I don't have to worry as much about all the prices going up, because I'm equipped to handling it. A lot of people are living with so much more stress these days because of of just how much tighter their finances have gotten with everything going up as much as it has.

[@davidbrayshaw3529]

There's no better feeling. Congratulations. I can assure you that many years down the track you will continue to enjoy the decision that you have made. A borrower is always slave to the lender. You are free.

[@drwigglechin]

This is why I hate seeing friends stretch for max mortgages, really limits your flexibility in the future if you wanna make some changes.

[@logdon17]

I got sick and tired of getting burned on investments or making only a couple percent return. I've spent the last five years throwing everything at the mortgage and by end of year will be done. The great part is there is a 100% guarantee that when the mortgage is paid for, it will be over. No speculation or chance of losing my money.

[@TeijoKhanfan]

Everything you said about financial freedom is so very true! A paid off mortgage means you sleep easier at night. You wake up happier in the morning. You feel better mentally and physically.

[@truckingwithtobee]

We purchased our first home in 1995. I was 20 years old. Purchase price was $79,500 @ 8% interest for a 3 bed 2 bath home on 1.86 acres. Paid it off in 9 years. We are now cash flowing a custom home on the same property. And our existing home we are having remodeled and that will be our rental and also some retirement money coming in. It’s the best feeling in the world to have a home paid off when the crash happened in 08’ it absolutely did not affect us at all.

[@mitchellhall4592]

So happy we paid off our home. So much more time together without having the stress of working so much. If you can i say good for you.😊

[@royh2618]

If someone tells you that paying off your house isnt a good idea, dont listen. They are probably broke and or in 10s of thousands of dollars in debt.

[@pattiupton1499]

Working on this. Paying about $400 extra each month. Goal to have the house paid for before retirement.

[@Liquid_spirits88]

Nice. We are doing $200 extra a month and we make an extra payment late in the year

[@miladk.2064]

Paying off your mortgage can actually make you more money in the long run because it increases your risk tolerance during investment decisions. Want to start that new business venture? Go for it. Also paying cash for a home(if you can afford it) helps tame horrible decisions like overbidding on a home. People spend around 25 percent more on credit rather than cash. All in all, life is on easy mode once you get the mortgage ball and chain off.

[@mat3714]

Pay your debts, people telling you otherwise are simply trying to sell you financial products or have been convinced by people selling financial products.

[@bane9685]

Imagine if you put it in crypto instead

[@universalask]

god

[@Imhere12345]

He would be rich. Or broke if he got in at the wrong time

[@SweetPotata10]

I kinda did a combo. I paid extra on my 2.75% mortgage until I have 5 years left to align when I should hit my FIRE number, and poured the rest of the extras into my retirement/investment for hyper accumulation. I still have the peace of mind bc I have the liquidity to pay off my mortgage now, but aligning it means in 5 years, I’ll have a paid off house, a sufficient early retirement investment to grant me the full freedom.

[@coryostach6781]

The frustrating part about this is that you never truly own your house. You will still have property taxes owed every year. If you don’t pay our lovely government comes and takes your home. There is no freedom.

[@Imhere12345]

95 percent freedom. Unfortunately not 100%

[@davidbrayshaw3529]

There's only 3 guarantees in life, Taxes, change and death. You're still paying property taxes when you rent someone else's house, albeit you don't get a receipt. You might as well get a receipt, I figure.

[@mamamoney3746]

Never had a mortgage - built the first one in cash by hand but over the years have used the equity to buy bigger and bigger in cash. Finally in a large house at 38 yrs old and still have never taken out a mortgage.

[@dawsonashcloses]

Just don’t pay off the property taxes and see if it’s really paid off 😜

[@hotdogs5265]

Iam so glad i worked my butt off working 6 and 7 days a week for years in my early twenties to buy a house 15 years ago at age 25. About 10 years to go and will be sitting on a million dollar home. I dont know how i could do it now with todays prices. My house has 3x what i paid.

[@vernicegrossglass6537]

I paid off my home 4 yrs ago, shaved off the term of our 30 yr loan by 7 years….I was 55 yrs old and my husband was 57 yrs old. Hard work, and longevity at the same job gave us that opportunity to pay off our home early. With that extra money now, we are putting it towards our retirement accounts, in addition to what we were paying into our 401K/IRA accounts. Best feeling ever, financial freedom!

[@carnivalgods4573]

It's a relief for yourself and if you have a child or children, it's part your legacy to leave for them.

[@keote]

This is the exact mindset I've been having recently. I just turned 55, have well enough in my 401k to just pay off the house. The way I see it, it'll be peace of mind.

[@gilessinclair2156]

Mortgage is a Latin word meaning Death grip

[@antoniobacic5674]

Yes, “death pledge”, according to Oxford dictionary.

[@Ouijacom]

I don’t get your alerts often but when I do it’s about paying off your house

[@danieldpa8484]

Paid off mine in 10/2018 and saved since than about €1000 per month if I’d be renting - that’s saving alone is an equivalent of a very nice brand new car. However the peace of mind is priceless

[@mattnejmanowski631]

you dont own anything in my state. paying off your home makes you realize your just a renter with taxes that never stop and just continue to increase FOREVER! its forcing alot of elderly out of homes, its terrible.

[@TheLethargicAge]

Taxes and insurance, and HOA on top in many cases

[@user-ic9wi6es4d]

Move

[@mattnejmanowski631]

I wish it was that easy. @@user-ic9wi6es4d

[@crazycdn8327]

@@user-ic9wi6es4dwhere? Every place in the world where you can own land you pay taxes on it

[@DMS20231]

I’ve got two paid-off homes and can attest to the fact that the psychological benefits of having a paid-off home outweighs the higher post-tax return I’d make in the stock market. Remember that (generally speaking) the house is appreciating in value, narrowing the gap even further. Freeing up thousands of dollars in cash per month is huge. That cash can be plowed into other investments and/or spontaneous vacations. And if I lose my job there is ZERO chance the bank can take my house, no matter how long I’m unemployed. All I need is to pay utilities and buy food.

[@luispineda7464]

Paid off my home last year, took me 12 years, it feels awesome!

[@veganspace]

Idk you don't have to pay off mortgage early just have a buffer and invest in the difference. Have a savings fund I say 6 months to 2 years so you can still work part time, work less, you could still switch jobs. But it doesn't make financial or mental stress to overpay your mortgage if you have a emergency fund and kill yourself working double hard just to pay off your mortgage..

[@stevem437]

So many people in the comments talking about how they paid their mortgage early… Years ago. And how they are so much better off mentally… But these people are STILL on KZbin looking up videos of other people talking about paying off their mortgages early. Again, years after they’ve paid their own mortgage off. So clearly you’re STILL seeking validation that you made the correct decision. Doesn’t seem like you’re so confident, if you’re having to come on here and watch videos of others to validate your own decision.

[@craiglagerberg9566]

We are lucky in Italy. You don't taxes on your primary residence. Our house is paid for and able to semi retire. Work when I want to, not because I have to.

[@coreydixon5432]

Not luck... but God's blessings to you and your wife because you're being good stewards with what He's given you, because He loves you! You're a good dad!

[@oldprecision]

About half of my mortgage payment goes to property taxes. I could pay off the mortgage but will still be left with a large expense that will never go away. I will never feel relief unless I move out of state.

[@pnic4540]

Too many dads aren’t there for their kids. It’s both parents responsibility to be at the games, the practices, the appointments, it’s pivotal to be involved in your kids lives compared to the corporate life. My kid is 2 and I’m trying to keep that top of mind at all times. Good for you mate!

[@scottwalker678]

We paid ours off. It's really helped us deal with all the extra costs of inflation .

[@pharmacistshane]

Have ~450k in equity in my single home I currently occupy. Going to sell and use equity to purchase a nice condo for ~300k. No mortgage completely frees you financially and spiritually! Combined income is ~250k per year. Will be banking 12-15k per month. We're 52 & 51 years old, kids are 22 and 16 years old. Time to live!!

[@mikehalwey4644]

I paid off my last house the year before I retired at 55. Best thing I have ever done. I couldn't believe how many phone calls and letters I got trying to get me to refinance my house. You better believe they weren't trying to help me out, they were just trying to make money from me.

[@philly799]

I paid off mine 3 years ago. With the high cost of living today, I am so thankful to not have a mortgage.

[@etvow]

Well, unfortunately the responsibility still remains due to growing property tax, growing insurance, and growing HOA dues. Even in places that are relatively distanced from a major city, I am seeing the monthly PP tax to be at least $700 per month, insurance at $250 per month, and HOA of about $150 per month. All combined, this is $1100 per month that you are responsible for the rest of your life and this increases every one to two years, and this is not even including maintenance/repairs. The little SS income is basically gonna cover the entire housing costs regardless of whether your house is fully paid for or not, all thanks to ridiculously high housing prices in this country and high interest. Great job America. There is no glory to paying off your houses.

[@nataliequansah]

I am yet to see someone who regrets paying off their mortgages earlier and for the reason, it makes sense to set that as a goal👍

[@lesliehunt4078]

What you say makes sense. I chose a different route for these reasons: 1) my mortgage payment is only $1,200/mo, and 2) there are sectors of the stock market that will likely provide a 100+% return over the next few years. The key is to be in retail stocks (e.g., Best Buy, Canadian Tire, Black&Decker, etc) that pay good dividends AND are still beaten down due to high interest rates. The dividends cover half of my mortgage payment each month, and the return I'll get on these stocks, once they recover, will far exceed what I owe on my mortgage ;)

[@bluecollarbullionballer4269]

House has been paid off 7 years no debt at all.Use the extra money to invest in stocks,and precious metals.I will buy another home when a deal becomes avalible and rent this home out for cashflow.Will use profits to pay down new home.Its not fancy but boring makes you money and sleep at night.Happy investing/stacking.

[@mattlovercamp5618]

I didn't realize you were moving back to Missouri, that's awesome. Will be glad to have you back in the Show Me State! My wife and I are currently paying off her student loans, then plan to start hitting the mortgage hard.

[@JohnJackson-e9z]

My home is paid off though the property taxes make seem like it is not.

[@magictacoboy]

Paying off property is the best decision I made at age 25 8 years ago boosted up my income was able to purchase 2 more properties since then. Now I can retire of I wanted too specially here in napa valley

[@solascriptura-e7t]

It boggles my mind how any financial “influencer” could dance around the idea of paying off a mortgage. …likes it’s taboo to talk about 😂😂😂 Like how parents dance around talking to Little Timmy about sex. SMH

[@PYTHON1122]

Paid mortgage 12 years early. Extra principle the key.

[@alanaldpal950]

It is great to have your home paid off, but in reality you don’t really completely own it. If you don’t agree, Stop paying your property taxes and see what happens.

[@theFrenchDay]

Well that's a great video, you are spot on, these little things you get after having a paid off home are priceless

[@KrisAtkinson-d7b]

Yes pay cash for the house!! More freedom!!

[@calvinreichelderfer7989]

I like not having a mortgage payment. It doesn’t matter what the interest rate. I don’t want any payments

[@RobsRetroGaming]

AMEN! It's an emotional advantage for me to pay it off. Can't put into words the freedom we feel to not have a payment anymore.

[@calvinreichelderfer7989]

@@RobsRetroGaming It’s how I think a mule feels when a large weight is removed from its back. More money to invest and save.

[@patschuster9619]

May 1st mine will be paid off 👍😀

[@wealthbuildingstory]

Having your health, strong relationships, and money is the secret sauce

[@jjbuckner]

Preach!

[@michaelhatfield5808]

I got roasted on Reddit for saying I want to pay it off early with a low rate of 2.625% by the math people, but they don’t understand the peace of mind it will bring. Having zero debt is the ultimate dream. Coming from someone who also paid off a 0.9% car loan super early.

[@Andrew-Paulo]

Are you using iPhone for this vid? What mic set up?

[@coreytaylor1673]

Spot on man. My next freedom move will be coming shortly. Time to break the grind!!

[@jjbuckner]

Get it son!!

[@ryanretirement6662]

I retired at 35 years old last year 2023. I purchased 2 new home build in cash. I rent out 1 house to my parent and my sister.

[@dylanb6338]

Nobody retires at 35. You became financially free. I used to say the same thing. I never wanted to retire, I just wanted to be free to do whatever I wanted, similar to somone in retirement. But our body's and minds should never retire to early.

[@ryanretirement6662]

@@dylanb6338 If you want to work until you die nobody care.

[@1FlyingSolo1]

Absolutely agree with @dylan. It's not retirement I'm looking for, at least not in the traditional sense of the word. It's actually waking up and deciding how I would like to spend my day. If I want to do traditional work, I can. If I want to take the day off, I can. If I want to help someone, I can. Point is, it's YOUR decision and no one is forcing you to be anywhere at any certain time. That, my friends is a rare and beautiful thing.

[@ryanretirement6662]

@@dylanb6338 If you want to work until you die nobody care.

[@landeeld9596]

Sweet

[@arianagomez1875]

Agreed 150%. I paid it in 4.5 years. Better decision ever now

[@entertainmentinternational1087]

Writing options with lots of capital would be better to use those premiums to pay ur house off imo

[@halfunkbass2966]

Paying your house off gives you more strategic courage to not worry about being too or overly careful on asking for a raise at work... because of your mindset of confidence you will give off, you will most likely get it. Employers know who has a mortgage and who don't when they pull up that credit score... I want them to see mine lol😂😂😂😂

[@1000adstar]

Your video is bang on mate. Totally agree. 👍

[@Ultimatepiston]

ahh man im glad you clarified you were renting, i thought you paid your FL home cash. Loved the idea of paying cash for the next one!

[@jjbuckner]

Yea, now we just have to find one 😳 lol

[@18564864]

I invest in bitcoin.

[@williewonka6694]

Makes no sense to pay off a mortgage when the SP returns 10% and the tax deductible interest expense is under 4%. That's a decision poor people make.

[@brucesprung6431]

Yeah sure, I want to include a mortgage in my retirement budget. 😂

[@williewonka6694]

@@brucesprung6431 A mortgage payment becomes almost nothing, after a lifetime of inflation eating away at the debt, and income from investing.

[@YyoMommA]

I like your videos. Very helpful and inspiring. Thanks JJ!

[@jjbuckner]

Aye! Thank you so much for that and for watching!

[@mariodeshaies7779]

NO Mortgage = FREEDOM

[@Jerry671]

If you paid off your mortgage and have no payments that's awesome. But selling your house just to rent somewhere else, that's not necessarily freedom. You'll be paying high rent for a decent neighborhood or low rent for not such a good neighborhood. I think you should PAY OFF your mortgage and live in the house mortgage and rent free. That's real freedom. Just my opinion

[@etvow]

Someday your insurance cost will increase by 300%. Good luck!

[@ricmagik]

Rent has its trade offs, no maintenance/worries to keep up. He has extra money in the bank now so can invest that also/make passive income to cover the rent.

[@jerrypissonme]

Good advice and cool glasses sir!

[@artcoin9699]

Wondering what the tax benefits are for paying off a mortgage?

[@SweetLeavesXbox1]

Owning your house thats been payed for is very valuable!!! NO 💩💩💩💩??????? Wouldve never guessed that! Thank you for your words of wisdom captain obvious 👏

[@bigbawlr79]

You could buy ten rental properties with that money instead and get leveraged income

[@Boxofdonuts]

All about peace of mind especially if you still have a job.

[@donnadelacruz3630]

I enjoyed this video.

[@Typhoon7000]

This is such a misleading video. He says imagine having a mortgage and imagine that mortgage payment being gone once it's paid off. Ummm...did he totally forget about taxes and insurance which are monthly?! In a medium-sized mortgage of around $500K-$600K that runs around $700 a month. Yes, you're better off paying it off, but you are still going to have a substantial payment. He quotes the median mortgage is $1800. Well, even paying it off still leaves $700 a month. The monthly payment doesn't go away like you're saying.

[@Jayvazquez15]

Very good opinion and nice video!!!

[@jjbuckner]

Appreciate it brother! Thanks for watching

[@SinclairSolutions-v3b]

I will be paying off my mortgage 11 years early.

[@invisiblestacker]

A close second is to never refinance into a higher payment. We r paying less than half what our neighbors are renting the same plan for.

[@mzwendylew]

When would you refinance into higher payment? Like a heloc or 30 to 15 year? Sorry, not familiar with this.

[@Kingdom_Finance]

Now you can get a HELOC to be able to take advantage of virtually any investment opportunity that may present itself.

[@ryanpotter5002]

Great job

[@gbinman]

When I moved from CA to TX in 2005, I simply used the equity in my LA house to buy the TX house cash. Never even had a mortgage on this one. Easy choice as mortgage interest is always more than savings account interest.

[@Mike-e1b4h]

I own 30 house's 🏘️ and their all paid off. 😁

[@LeveragedFinance]

If you were 30 how much in net worth would you feel comfortable buying a $600k home?