3151 My parents paid off their mortgage when my Dad was 46 and he's bragged about it his whole life. I am 40 (and a half) and I am now free and clear! Feels Good, Man! (media.patriots.win) posted 144 days ago by Pickles 144 days ago by Pickles +3151 / -0 202 comments share 202 comments share save hide report block hide child comments Comments (202) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 22 ▼ – empiretc 22 points 144 days ago +22 / -0 Congrats!!! Paid ours off 4 years ago @36. Bought the house at 24. do not miss that $1,200 a month payment at all!!! permalink save report block reply ▲ 9 ▼ – SaulGoodman 9 points 144 days ago +9 / -0 So your house cost $172,800? permalink parent save report block reply ▲ 11 ▼ – BadManOrange 11 points 144 days ago +11 / -0 Well... A 140K loan for 12 years at a 4% interest rate would mean yield around 1.2K per month. Then add in maybe a 20% downpayment and you're at 168K. If the interest rate was any higher then keep lowering the price. permalink parent save report block reply ▲ 3 ▼ – SaulGoodman 3 points 144 days ago +3 / -0 Congrats, that's amazing. Financial independence is the cornerstone of a good life. permalink parent save report block reply ▲ 1 ▼ – deleted 1 point 144 days ago +1 / -0
Congrats!!! Paid ours off 4 years ago @36. Bought the house at 24. do not miss that $1,200 a month payment at all!!!
So your house cost $172,800?
Well... A 140K loan for 12 years at a 4% interest rate would mean yield around 1.2K per month. Then add in maybe a 20% downpayment and you're at 168K. If the interest rate was any higher then keep lowering the price.
Congrats, that's amazing. Financial independence is the cornerstone of a good life.