January 9, 2008, 11:22 am
Pay back that loan…later
Experts say that stretching cash to pay back loans can backfire. How did you pay off your loan?
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I recently paid off my home in a matter of 2 years by just ploughing in all the money I had. The loan had a sweet low rate of 5.15%.
I just cannot explain the peace of mind I have everyday going to bed, while listening to all the subprime sordid tales over the radio!
And I don't know what to do with my cashflow now that I don't have the mortgage.
There are some things that cannot be fathomed by number crunching. This is definitely one of them,