Is it a good idea to pay off a mortgage? (32)
galradsDublin, Ohio USA2,264 Threads 279 Polls 36,283 Postsmustbnutz: Regardless of who you voted for the congress is our congress and we always live with that fact{you and I may not like them,but they are our congress}..............
it's all hopeless. buy greek bonds! 
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galrads: it's all hopeless. buy greek bonds!
Hell,why not? Someone will bail them out................
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ooby_dooby: If so, why do you think so? If not, why not?
Yeah pay it off and get rid of it. The best way to be now is to have no debts owed to anyone.
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its good idea but if the mortgage is given o bought by a grant rather than interest rate in it,
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mustbnutz: Hell,why not? Someone will bail them out................
this world is F'ed up. The Euro was created primarily to allow those countries to have a currency which can compete against the U.S. dollar, and now the U.S. is going to bail it through the IMF. 
it's a mad mad mad mad world!------ This thread is Archived ------
going good Gal , hope you are to . I had the interest rate of 18 % , others had rates of mid twentys during the 80's . Many people were hurt back then , alot of farmers killed themselves . I new one , a good man and a good farmer as well . Debt after that puts an edge on ones mind . Warp's the crap out of you . Pay the mortgage off if you can , never know whats round the corner .
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ooby_dooby: If so, why do you think so? If not, why not?
Yeah, I would like to pay off my mortgage as I am tired to paying all the interest to the bank. Just a few more years for me; thank goodness.
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good on you , have a big party when its over . 25 years of interest , could have bought my place three times over .
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ooby_dooby: If so, why do you think so? If not, why not?
With all the uncertainties right now with the economy and job markets, I think it is a great idea if you are able to do so.
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single4ever: Yeah, I would like to pay off my mortgage as I am tired to paying all the interest to the bank. Just a few more years for me; thank goodness.
Is the interest deductable on your tax return up in Canada? Also if you don't mind my asking, what interest rate are you paying?------ This thread is Archived ------
ooby_dooby: Is the interest deductable on your tax return up in Canada? Also if you don't mind my asking, what interest rate are you paying?
hi ooby dooby, 4.2% interest on a five year fixed. but you can get better right now, mine is from last year when i renewed mine. and no....no interest deductable on my taxes.
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ooby_dooby: Is the interest deductable on your tax return up in Canada? Also if you don't mind my asking, what interest rate are you paying?
No, the interest rate is not deductible. I was paying 5 to 6 percent interest but now paying 3 percent upon renewal this year.
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