InvestorsHub Logo
Followers 46
Posts 7114
Boards Moderated 0
Alias Born 07/18/2020

Re: Donotunderstand post# 769476

Wednesday, 09/27/2023 1:45:10 PM

Wednesday, September 27, 2023 1:45:10 PM

Post# of 794551
Would you give up a 30 year prepayable at anytime Fixed Rate Mortgage of below 4% to put your home on the market and buy a new one at over 7%?

Isn't it better to pay back your Fixed Rate Mortgage with dollars that are worth less each year?

Some of these below 2% 30 year Fixed Rate Mortgages from the pandemic era are sitting on banks assets books at 50%-70% of principal.