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submitted 1 month ago by n7gifmdn@lemmy.ca to c/memes@lemmy.world
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[-] ExcessShiv@lemmy.dbzer0.com 1 points 1 month ago* (last edited 1 month ago)

Better to work off that debt over 10-30 years (which is what mortgages usually run for, not 40) and then be able to sell the house and get your money back than paying rent for 10-30 years and have nothing.

[-] salty_chief@lemmy.world -2 points 1 month ago

True, also best to not pay off your mortgage. It is a line of credit if worth more than you owe. Once you pay it off that credit line is gone.

this post was submitted on 04 Aug 2025
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