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Should I pay off my Business Mortgage quickly?
| ...,....,,........ | 01/22/26 |
| Senior Ethics Official | 01/22/26 |
| zesty | 01/22/26 |
| ...,....,,........ | 01/22/26 |
| ...,....,,........ | 01/26/26 |
| Ozzie Canseco | 01/26/26 |
| Buy your next house instantly with Zellow! | 01/26/26 |
| No Paye No Gain | 01/26/26 |
Poast new message in this thread
Date: January 22nd, 2026 4:46 PM Author: ...,....,,........ I own my office building. Interest rate is 8.4%. I owe about $120k on it.
Should I just hurry up and pay the fucker off or just continue to make minimum payments and keep my money in the bank? |
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Date: January 22nd, 2026 4:56 PM Author: Senior Ethics Official Yea unless you have a prepayment penalty. (http://www.autoadmit.com/thread.php?thread_id=5825148&forum_id=2#49609664) |
Date: January 22nd, 2026 4:57 PM Author: zesty lmfao (http://www.autoadmit.com/thread.php?thread_id=5825148&forum_id=2#49609668) |
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Date: January 22nd, 2026 5:03 PM Author: ...,....,,........ What's funny? (http://www.autoadmit.com/thread.php?thread_id=5825148&forum_id=2#49609687) |
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Date: January 26th, 2026 3:28 PM Author: ...,....,,........ (http://www.autoadmit.com/thread.php?thread_id=5825148&forum_id=2#49620940) |
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Date: January 26th, 2026 3:31 PM Author: Ozzie Canseco 8.4% is dogshit (http://www.autoadmit.com/thread.php?thread_id=5825148&forum_id=2#49620948) |
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Date: January 26th, 2026 3:39 PM Author: Buy your next house instantly with Zellow! The return on investment from paying off debt equals the interest rate on that debt. So paying off the mortgage gives you an 8.4% annualized return. Less than the S&P 500, my thought is make the minimum payments and invest the money that you would have spent otherwise. (http://www.autoadmit.com/thread.php?thread_id=5825148&forum_id=2#49620970) |
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Date: January 26th, 2026 3:43 PM Author: No Paye No Gain I owe $500k at 4.5%. More SOL it is (http://www.autoadmit.com/thread.php?thread_id=5825148&forum_id=2#49620983) |