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Updated over 10 years ago,

User Stats

145
Posts
71
Votes
Scott Schuetz
  • Real Estate Broker
  • Indialantic, FL
71
Votes |
145
Posts

Paying off your own home?

Scott Schuetz
  • Real Estate Broker
  • Indialantic, FL
Posted

I've recently left my long term real job. I'm now working full time as a realtor and investor. I've got my living expenses pretty low, but still trying to get used to the idea of not having a steady stream of paycheck income. I owe about $100k on my residence. P&I is $525 with about $350 going to interest and $175 to principle. I can pay off my home, but that takes up most of my investing reserves. I know I could probably use that money to earn more money but I keep coming back to the idea of paying off my home. Has anyone paid off their home just to feel more mentally secure?

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