Everyone has a different comfort level, and to each his own. However, thinking that you own your home after you pay your mortgage is incorrect, especially here in Texas. My property taxes are higher than my principal and interest payments to the mortgage company. If you fail to pay your taxes promptly, the state can foreclose and sell the house fairly quickly. Starting a month after taxes are due, interest rates quickly become exorbitant. So we won’t pay the mortgage off early, just wouldn’t get that warm, cozy feeling.
I’m so sorry to hear of your cancer diagnosis. I hope for more years than one for you, and your family to have together. Thanks so much for all the good advice you’ve shared through the years, I’ll be sending up prayers for your and your family.
Comments
Everyone has a different comfort level, and to each his own. However, thinking that you own your home after you pay your mortgage is incorrect, especially here in Texas. My property taxes are higher than my principal and interest payments to the mortgage company. If you fail to pay your taxes promptly, the state can foreclose and sell the house fairly quickly. Starting a month after taxes are due, interest rates quickly become exorbitant. So we won’t pay the mortgage off early, just wouldn’t get that warm, cozy feeling.
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Link to comment from January 25, 2026
What a lovely man. RIP
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Link to comment from September 22, 2025
I’m so sorry to hear of your cancer diagnosis. I hope for more years than one for you, and your family to have together. Thanks so much for all the good advice you’ve shared through the years, I’ll be sending up prayers for your and your family.
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Link to comment from July 7, 2024
I'm not shocked, I just hate paying the government money on passive income! My risk, their reward.
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Link to comment from March 20, 2024
Thanks for your post, retirement decisions reminds me of having a baby; there's never the perfect time, but there is a too late time.
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Link to comment from March 7, 2024