Having no mortgage or having a small mortgage over an extended period of time?
2006-07-10 13:22:05 · 8 answers · asked by Mrs.Foster 4 in Home & Garden ➔ Other - Home & Garden
Well, ..... It sounds like your asking:
Is it better to not owe any money
or
To owe money that is paid back slowly over a long period.
I prefer not to owe money. But you have to look at the interest rates, tax writeoff's, and your personal money situation. Is paying it off in advance going to leave you short later on?
2006-07-10 13:27:59 · answer #1 · answered by InnerCircle 4 · 2⤊ 2⤋
Having no morgage, obviously. Also over an extended period of time, you just end up with a greater amount of interest to pay.
2006-07-10 20:26:17 · answer #2 · answered by rjordan1041 2 · 0⤊ 0⤋
Would rather have no mortgage, but I like the prospect of improving my credit alot.
2006-07-10 20:27:31 · answer #3 · answered by emmadropit 6 · 0⤊ 0⤋
having a mortgage, as you build credit for the payments you make
2006-07-10 20:25:48 · answer #4 · answered by eeyorea1 2 · 0⤊ 0⤋
the best is to have no mortgage at all
2006-07-10 20:30:09 · answer #5 · answered by Anonymous · 0⤊ 0⤋
No mortage period!
2006-07-10 20:25:46 · answer #6 · answered by retrodragonfly 7 · 0⤊ 0⤋
Why pay interest when you don't have to?
2006-07-10 20:26:35 · answer #7 · answered by Kevin F 3 · 0⤊ 0⤋
none
2006-07-10 20:25:02 · answer #8 · answered by roarg 1 · 0⤊ 0⤋