Question: Would anyone start paying down the mortgage at this point?

but that is very individually me!!! My bank didn't even know how to pay off a mortgage when I did it shortly after I bought my house!! They said they don't see it often enough to know how to do it.

will go to great lengths telling you why you should have a mortgage.

Ignore these scoundrels. You should pay down, pay off your mortgage asap. It does make sense to pay off higher interest rate loans first.

Get debt free and stay that way. Debt is a scam and a form of slavery.

Get out of ECONOMIC SLAVERY NOW!

... but to love one another." (Romans 13:8)

Debt is “a claim on future labor” and is a form of servitude. I say it's always a good policy to be debt-free. It's the right thing to do, and in almost any economic condition it's safest financial strategy. I personally beleive there is no such thing as "good debt". No mortgage means lower cost of living, which means you can earn less income and have the same lifestyle, which means paying less in taxes (% and $).

Compared to a CD, US Savings Bonds, or the stock market recently, paying off your mortgage is a great investment! Plus you can have the satisfaction of knowing you are helping to buy back America from the banks.

One extra payment per year on a 30-year mortgage pays the mortgage off about 10 years early. Two extra payments per year pays it off about 15 years early. Find a good mortgage calculator and try out some numbers.

I say yes! pay down your mortgage, but be sure to keep plenty of liquid reserves too (1 years expenses+).

google your lender... maybe add in: " can't find note" my mortgage company has been in n out of courts for 10+ years and has ties to goldman sachs! Hits from all over the country show they cannot produce an original note in many cases and they have been found guilty of everything at one time or another... racketeering, extortion, unlawful debt collection, over fees... ect...

Plus they have been trying to forclose through MERS in many cases.

I suggest exposing the fraud they have commited. Do some research.

You wanna end the fed? Well - get started.

it depends on how far along you are on your payments. If your mortgage is nearly paid, then do nothing. You are in a rent-to-own situation, your monthly payment is nearly no interest and mostly principle.

I recently refinanced my mortgage to get the payments down by 30%. True, this prolongs the number of years I have to pay, but paying with future devalued dollars is better than rushing to pay your mortgage back now with dollars that are worth relative more.

What I'm considering doing now, if my finances permit, is to pay some of this new mortgage off more quickly, since the first several years of payments is mostly interest. That would decrease the time of the entire mortgage, and make the remaining mortgage nearly a rent-to-own payment, the best of both worlds.

the Fed's have no option but to monetize debt. This means that private dollar debt will be monetized too. I save every bit I can in gold and silver money and pay minimum on my debt. I have close to 0 interest rate on most of it though.

Paying off real estate at this time is risky since the value is most likely to continue down. Keeping all of your savings in gold or silver protects against the Fed's need to monetize.

the Fed's have no option but to monetize debt. This means that private dollar debt will be monetized too. I save every bit I can in gold and silver money and pay minimum on my debt. I have close to 0 interest rate on most of it though.

Paying off real estate at this time is risky since the value is most likely to continue down. Keeping all of your savings in gold or silver protects against the Fed's need to monetize.

of fiat dollars. I would want to 'own my home' outright and not have any liens period.

Mortgages are for the most part owned by China. If ever they wanted to make good on their 'investments' all hell would break loose.

Free and clear is a good place to be.

http://therootsofchange.com

Many friends are refinancing at 4.75% and saving $100s each month--but watch closing costs and junk fees

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