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SVTPerformance's Chain of Restaurants
Road Side Pub
15-year fixed vs 30 year fixed for $80,000 mortgage.
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<blockquote data-quote="99cobradave" data-source="post: 4669900" data-attributes="member: 13295"><p>Yeah, but you are only earning 6%! Wouldn't you want to earn 10% AND add 8.5 years of compounding? </p><p></p><p>Why does everyone work so hard to pay off a low interest loan early? Paying off your motgage early is a poor rate of return. </p><p></p><p>Guys, at these low interest rates, a 30 year fixed is a much better deal.</p></blockquote><p></p>
[QUOTE="99cobradave, post: 4669900, member: 13295"] Yeah, but you are only earning 6%! Wouldn't you want to earn 10% AND add 8.5 years of compounding? Why does everyone work so hard to pay off a low interest loan early? Paying off your motgage early is a poor rate of return. Guys, at these low interest rates, a 30 year fixed is a much better deal. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
15-year fixed vs 30 year fixed for $80,000 mortgage.
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