? About paying off a house

[blandnuts]

Actually I am just curious about it. Currently I am in good standing with all debts. Current scores are 822/819/808

I don't remember much of a loan difference from ~750 to the 800's.

Anyways, when we paid off our last house it barely changed our score. Not enough to care that is.

[GhostTX]

Get the old lady to homeschool and 501c3 her ass. Our school maxes out in contributions every year.

I'd like to know more about this. We homeschool and I easily get that $250 in teacher expense write off. Is there something else to do for homeschooling deductions?

[SSMAN]

Fuck any stupid reason to keep a mortgage. Paying off the house would be fucking awesome. Fuck debt. No debt will lower your credit score to zero, but you don't need a credit score if you don't borrow money. I'd pay off my house today if I could. Fuck debt.

I have pretty much the same mentality. But I will need a vehicle in a couple of yrs

[LANTIRN]

I have pretty much the same mentality. But I will need a vehicle in a couple of yrs

If you have no mortgage payment, put that in savings each month (what your mortgage was), pay cash for car.

[GhostTX]

If you have no mortgage payment, put that in savings each month (what your mortgage was), pay cash for car.

No doubt. $1K ex-mortgage payment for 2 years = $24K. If anything, that's a heck of a down payment and then you could pay the car off that much sooner and get back to rolling that into savings.

[David]

Go buy another more expensive house.

[blandnuts]

Go buy another more expensive house.

I read this as, "Fuck yeaahh, Amuricah!"

[smrr1]

Word, doesn't really make financial sense. One of the biggest benefits of real estate is the ability to lever. I'm at 3.65% on a 30 year fixed; I'm never prepaying that shit.

So you have no interest in saving $100k+ on a $200k mortgage? You are what is wrong with this country.

Unless of course you are super baller status and have lots of money invested making more than the interest. I know few people in this situation.

[yellowstang]

Actually I am just curious about it. Currently I am in good standing with all debts. Current scores are 822/819/808

Just ran your numbers thru our system at work. After paying off your house, your new credit scores will be: 823/820/809
You'll see a small rise in your rating!

[fordracing19]

Just ran your numbers thru our system at work. After paying off your house, your new credit scores will be: 823/820/809
You'll see a small rise in your rating!

Really? Our system showed it as 821/818/807 all 3 being lower.

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[David]

Anyone crunched numbers with Dave Ramsey yet?

[Mongoose]

Anyone crunched numbers with Dave Ramsey yet?

He would say 0/0/0 was the best score, and we all are getting ripped off for having used credit in any capacity.

[yellowstang]

Really? Our system showed it as 821/818/807 all 3 being lower.

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Crap, I didn't run the latest Obama update on it, in sync with your numbers now!

[SSMAN]

Really? Our system showed it as 821/818/807 all 3 being lower.

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If this is accurate, not as bad as I thought

[SSMAN]

My goal after all is paid off is to max out contri utions to my retirement fund