4 ms·
He’s had 20-30 years to make mortgage payments.
by rubidium 7y ago
He’s had 20-30 years to make mortgage payments.
- jacquesm 7y agoAnd has not paid off the mortgage.
- remote_phone 7y agoNo we haven’t. Our decision is to pay off the mortgage as slowly as possible. The interest rate on the mortgage is 3.5% so if inflation rises significantly, we will be paying negative real interest rates for much of the duration of the mortgage.
- jacquesm 7y agoHistorically inflation is approximately 3% on average, also, re-financing your mortgage could be very advantageous for you, the lowest rates you can find right now hover around 1.7%.