4 ms·
Small bit of pedantry: the nature of paying off a large loan over 30 years is that you gradually become wealthier at an accelerating rate. The sudden change aft
by toasterlovin 7y ago
Small bit of pedantry: the nature of paying off a large loan over 30 years is that you gradually become wealthier at an accelerating rate. The sudden change after the mortgage is paid off is to cash flow, not wealth.
- taneq 7y agoTrue, I should have said "suddenly have loads of cash once they've paid their loans off."