only thing you left out is how long them payments are. But it frees up monthly income. Right?
Yes and the length could vary pending how things of this world go but I played strong to the safe side with a 30 year fixed but the good news is if I throw the same amount of out of pocket I currently spend and hammer the difference? It'll be paid off in as little as 6 years but I honestly don't see that scenario playing out but what I do see coming in the near future is some real tough times ahead which could include loss of employment in which case this option would be closed and for bonus points? I won't be faced with losing or having to sell anything and less than 1/2 of my SS will cover which includes a 2019 Tundra TRD Crewmax Limited with a scant 36K miles on it (that has been paid-off for 18 months now) and my beloved 2020 SGS
And although I currently regard it as a pipedream scenario If my job does hold out another 15 months? I'll be a double dipper and then I can really make that premium evaporate in short order but if I had to bet the farm? I think SHTF day will arrive well before then in which case I'll be well prepared and my mortgage will be less than a cheap 1BR/1Bath apt in these parts.
Ahhh I’m leaving my maintenance gig and waiting 8 months for my s/s. I’ll be over 3 k a month. Instead of under 3 k where I’m at now. Truck and bike are paid off. Selling stuff on eBay for greens fees. I refuse to werk with lying prices of shlt
But that’s another story
12-30-2023, 09:54 AM
