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#1 | |
Senior Member
![]() Join Date: Jun 2005
Location: Winona Lake, IN
Posts: 6,538
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Re: Pay off mortgage or borrow off of house
Quote:
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70 C/10 SWB 402/TH400/3.73 "The Needy Beast" 200,000 Mile Club Disc Brake Club Owner installed options: Front Sway Bar Power Steering Power Brakes Cigar Lighter Courtesy Lights Deluxe Side Markers Wiper Delay Sliding Rear Window Power Windows Power Locks Sniper EFI 2015 Silverado 1500 LS 4.3/6L80/3.23 lowered 2" front & rear |
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#2 | |
Registered User
Join Date: Oct 2016
Location: Dallas Texas
Posts: 3,339
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Re: Pay off mortgage or borrow off of house
Quote:
Yes, I understand.. I was just using that phrase as...well a bit of a jab at the gov really. I paid for sure. We all have and I'm coming around to being grateful for it. Whether I could have managed those funds for myself better than our government was able to do is the question. -Kevin
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67 C10 fleet fuel injected '70 402, 700r4, 3.73 posi 07 335 sport turbo 6sp 94 Trans Am GT LT1 6sp posi -- sold after 22yrs 99 540 sport V8 6sp -- sold 73 240z L24 4sp -- given to friend 68 C10 step 350/350 3.73 open -- sold |
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#3 |
Senior Member
![]() Join Date: Nov 2013
Location: East Tennessee
Posts: 2,227
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Re: Pay off mortgage or borrow off of house
something you might consider:
When you're uncertain about what to do and there is no urgent need to decide, hold off on making a choice. Give yourself time to consider everything and feel comfortable with your decision once you make it. Establish your plan and set your goals, and then work towards achieving them.
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1967 C10 Step side 1968 C10 Step side 1970 Chevrolet K/5 Blazer 1972 Chevrolet K/5 Blazer ............. ![]() |
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#4 |
Registered User
Join Date: Jan 2017
Location: Derby Kansas
Posts: 392
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Re: Pay off mortgage or borrow off of house
The only real negative I've found having a paid for house is when you get the property tax bill. When you have a mortgage the bank pays it and rolls it into your monthly payment so it didn't seem as bad. A loan is you borrowed money and you're paying it back, but writing the check to the county directly sucks. I call it rent, cause you don't pay it they take your house. And you think you actually own something....
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#5 | |
Registered User
Join Date: Oct 2016
Location: Dallas Texas
Posts: 3,339
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Re: Pay off mortgage or borrow off of house
Quote:
Agreed. At least the consolation prize if one is relieved of his home by the government is its sale price minus the tax bill! I walk into the government coffer filler's offices with cash to pay my tax bill nowadays. It's satisfying to me that they see the green moving across the counter. Maybe they will take notice and realize how much $$ they are scraping away from the citizenship. Fortunately, my days of paying 10k+ a year in property taxes (Texas) are over. I now live in a state with income tax (I'm basically retired) and very reasonable property tax. -Kevin
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67 C10 fleet fuel injected '70 402, 700r4, 3.73 posi 07 335 sport turbo 6sp 94 Trans Am GT LT1 6sp posi -- sold after 22yrs 99 540 sport V8 6sp -- sold 73 240z L24 4sp -- given to friend 68 C10 step 350/350 3.73 open -- sold |
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#6 |
Equal opportunity joke ofender
![]() Join Date: Oct 2011
Location: Eastern Shore of MD
Posts: 10,156
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Re: Pay off mortgage or borrow off of house
There is no better feeling than making that last mortgage payment. It takes me from a 1/3 owner to 49/51 owner with the govt. Guess we will never really own it, just paid the rent in advance.
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