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I could pay off my mortgage by living with my parents for 2.5 years at 38. Is it worth it?
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Okay, I’ve been brainstorming about how to pay off my mortgage quickly and I’ve come up with this idea. I owe 110,000 dollars on the home with a 15 year loan with a 2.625 interest rate. The mortgage is $2000 a month.

If I rent it out I could potentially get $2400 a month and my plan would be to live with my parents and make double payments on my property. I’m considering doing this because I want to retire younger if possible and I would like to have a paid off house when this happens. If I pay it off quickly is also give me a chance to invest even more towards retirement.

Just curious if this is feesable or seems super far fetched? If ran the numbers and it seems possible.

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The renter could absolutely destroy your house too.

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2 months ago