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-   -   Do you own or rent your home? (http://archives2.twoplustwo.com/showthread.php?t=374319)

jackdaniels 11-08-2005 04:39 PM

Re: Do you own or rent your home?
 
Own.

Purchased at 27 - paid off at 30 (not via P*ker $$).

A homeowners mortgage is something that CANADIANS should pay off as soon as possible. In the US all that interest is tax deductable, I say kick the bucket while owing the bank 97% of the value of the house (assuming you can get a 3% down mortgage and you don't intend on leaving anything behind). In fact, I think there are some "interest only" mortgages available in the US, but I'm not sure about the details.

Paluka 11-08-2005 04:45 PM

Re: Do you own or rent your home?
 
I pay huge amounts of rent monthly, but less than I used to.


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