this post was submitted on 16 Oct 2023
2135 points (100.0% liked)
196
16489 readers
2849 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I do like that theory. Unfortunately my wallet disagrees with it. Thankfully we've locked it in for 2.2% for 20 year, and semi-realistically we should be able to pay it off before that runs out. But the official period is 30 years, since that's the legal maximum.
Gotcha. Well consider adding a couple hundred bucks towards principle each month--it would still make a gigantic impact over the term of the loan.