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- Don't pay off your 30 year mortgage! #shorts
Don't pay off your 30 year mortgage! #shorts
Summary
According to Sean Pan, you shouldn't be so quick to pay off a 30-year mortgage, particularly one with a low-interest rate. The cash used to pay it off today would be better spent on investments that generate more than the cost of the loan. In addition, any cash used on the home is "stuck" unless you refinance or open a line of credit.
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