I’ve been pondering this issue for awhile as in the US there is consideration of a 50 year mortgage span. I’ve either refinanced or paid off early every mortgage I ever had…but this discussion only impacts people who are seriously planning to live more than 25 years in that specific house…something that doesn’t seem to happen in modern times. So the trade off is lower payments now for the possibility of paying more interest 25 to 35 years from now. Actually seems reasonable in that light.
Just a note for information - Fidelity's Debit/ATM card associated with their Cash management (checking) account reimburses all ATM fees...which is one of the main reasons I use them because I find the usual ATM fees at the machine itself (one vendor) and my bank (second vendor) just unacceptable. I must admit though that my paranoia causes me to keep $200 tucked into the back of my wallet 'just in case'. The cash usually dies a very slow death in those dark confines...but it does make me feel just a little bit more in control.
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I’ve been pondering this issue for awhile as in the US there is consideration of a 50 year mortgage span. I’ve either refinanced or paid off early every mortgage I ever had…but this discussion only impacts people who are seriously planning to live more than 25 years in that specific house…something that doesn’t seem to happen in modern times. So the trade off is lower payments now for the possibility of paying more interest 25 to 35 years from now. Actually seems reasonable in that light.
Post: House Move and the Upcoming Hassle Factor
Link to comment from February 13, 2026
Just a note for information - Fidelity's Debit/ATM card associated with their Cash management (checking) account reimburses all ATM fees...which is one of the main reasons I use them because I find the usual ATM fees at the machine itself (one vendor) and my bank (second vendor) just unacceptable. I must admit though that my paranoia causes me to keep $200 tucked into the back of my wallet 'just in case'. The cash usually dies a very slow death in those dark confines...but it does make me feel just a little bit more in control.
Post: My Shame
Link to comment from July 4, 2024