4 ms·
Within a few years of buying my apartment. I was actually in a dilemma due to conflicting advice. My dad was of the view that one should not be in debt for long
by _448 4y ago
Within a few years of buying my apartment. I was actually in a dilemma due to conflicting advice. My dad was of the view that one should not be in debt for long. And my colleagues were of the view that instead of clearing the debt, that fund can be invested elsewhere. I finally took my dad's advice and cleared the mortgage.
- iamwpj 4y agoIn your situation was the debt ever going to last 30-40 years? I imagine that your ability to pay off an apartment purchase within a few years means that even with planning to leverage interest rates you still would have had the means to invest and pay slower on the debt while ALSO beating the term of the loan. I'm making assumptions, but I'm genuinely curious - I promise!
- _448 4y ago> In your situation was the debt ever going to last 30-40 years? 20 years was the time-frame.