#mortgage-payoff

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from24/7 Wall St.
1 week ago

With $1m in Retirement Accounts, Should I Pay Off The 2.75% Mortgage or Invest The Cash?

For this Redditor, they are looking at a scenario where they have a 2.75% mortgage with approximately $500,000 left on the balance. This is equivalent to a $3,400 monthly payment on a house that is currently worth around $850,000. Having bought the house seven years ago for $715,000, this isn't a ton of growth, given what other areas of the country have done. This fact aside, the family has no other debt and has around $1 million sitting in retirement and non-retirement accounts.
Real estate
Retirement
from24/7 Wall St.
3 months ago

Dave Ramsey inspired us to budget for the first time after 17 years - we just paid off our mortgage

A Reddit user attributes their mortgage payoff to following Dave Ramsey's budgeting advice and dedicating resources effectively.
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