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Updated over 8 years ago,
Primary residence
I am new to this so bare with me...
Currently buying a home worth 90,000 @15 year term. My family and I are using this home as a primary residence as a buy and hold. We have the ability to pay it off in 5-7 years. With hopes of using it as passive income in the future.
Am I on the right track in suggesting to pay this home off prematurely?