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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Sun, 3 Apr 2005 20:21:56 -0400
/ Author of the message: "JJ" |
Title of the message: |
Re: Should one pay off one'e home mortgage ?
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Text of the message: |
Why does it have to be narrowed down to those two extremes (uncomfortable with debt = no debt, comfortable with debt = borrow all you can and invest it). People should not be borrowing money just to invest it. IMHO, it depends on how much you have in liquid (or fairly liquid) assets after paying off the mortgage, and your comfort level with what will be left after the payoff. Say the mortgage is 5.5% (and effectively less than that if the interest can be deducted) - if in the future you end up needing the cash used to pay off the mortgage, you most likely are going to have to borrow it at a higher rate. And if you need it due to a situation such as prolonged unemployment, you may not even be able to borrow it backl (you won't get a loan if you don't have income to pay it back). So it's tough to answer without knowing their entire financial situation. "John A. Weeks III" <john@johnweeks.com> wrote in message |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.