Originally Posted by Northman
Get the longest fixed rate loan you can get.. at the lowest possible rate of course.

Then never ever ever pay it of... just keep paying absolute minimum.


When the bank won't let us extend the loan any longer, we will pay it of in one payment.


Seriously? You must be at the very least a govt employee, or a recipient of the taxpayers burden. PAY IT DOWN EARLY! Screw the tax deductible interest "benefit". Any savings on your tax liability, although you probably don't pay taxes, is more than offset by having an asset that is paid for, and having more disposable income not going into a mortgage every month.


To anger a conservative, lie to him. To annoy a liberal, tell him the truth.

Promoted to Turdlike status 03/17/12