Posted by jbdyer on March 08, 2014 at 11:43:11 from (75.104.202.203):
In Reply to: paying off mortgage posted by austin carpenter on March 08, 2014 at 06:18:21:
My story: Bought my Dad out and built a new house 19 years ago. He loaned me the money for the Land/House. He charged me 6% interest, I had a big down payment too. I got behind about 12 payments during 2009-2011, work slow, bad economy, broken back, etc. I managed to get caught up later and actually paid this place off on Jan. 1, 2014. Paid it off a year early, had a 20 year note, I am 45 years old. Get rid of your debt as soon as you can. There is NO profit in paying even a small amount of interest. I sleep a lot better at night without a house payment. Don't listen to the fools telling you not to pay off. There is a lot of wisdom on this board, these older and younger men have been through a lot and have the hindsight you don't have. Johnny
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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