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Updated over 2 years ago,

Sally Fairchild's profile image
Sally Fairchild's profile image
Sally Fairchild
Pro Member
  • Investor
  • from Newport Beach, CA
  • Member since Nov 6, 2016
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User Stats

106
Posts
84
Votes
Sally Fairchild's profile image
Sally Fairchild's profile image
Sally Fairchild
Pro Member
  • Investor
  • from Newport Beach, CA
  • Member since Nov 6, 2016
Connect
Sally Fairchild
Pro Member
  • Investor
  • Newport Beach, CA
84
Votes |
106
Posts
Creative Real Estate Financing

Paying off a Mortage Question

Sally Fairchild
Pro Member
  • Investor
  • Newport Beach, CA
Posted

Ok I'm being told that paying off a mortgage with a low interest is not a sound business move. I accept/believe the concept but I don't understand the concept. If I have a loan at 3% and current mortgages are 5%. Why is paying off the loan not a good idea?

  • Sally Fairchild
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