My answer is deltniefy. We have paid off 54% of the price we paid back in 2007 while at the same time mortgage rates have declined from 6.5% to 3.75%. I have refinanced 3 times in this period and paid down the mortgage each time. With my current rate, my mortgage is dirt cheap but the question is where to invest money without getting a negative return even in nominal terms. I have chosen to take the guaranteed return I get every time I prepay my mortgage even though that return is small. At the same time, I don't want to pay back the loan too quickly as I expect high inflation from the fed printing trillions of dollars if the US economy ever reverses its death spiral. Rate this comment: 0 0

by Henrique 03:07:34 PM 2013.01.26