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by SilasX
1732 days ago
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>- My monthly payments are identical to had I bought at $600k at 6%. If I stay there, I'm not much worse off. It's harder to pay off the home quickly. >- If I move out, and I rent out my home, it covers monthly payments approximately exactly. In any situation where interest rates go to 6%, there will probably also be some upheaval that affects your earnings and ability to rent it out at the present rental rate. The risks are correlated. |
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