Hi there, Mrs. 1500 today, asking for your thoughts about paying off your mortgage early.
I have seen “paying off your mortgage early” vs. “keeping it for the duration” debated numerous times. I think both sides have valid points, but now I want to see what my readers think.
And now, let’s go check out the answers from last week’s question, What do I do about my new neighbor?
If you will recall, one man moved in two weeks ago, along with his wife, his brother, 5 adult children, a brother and sister-in-law, brother-in-law and sister-in-law, and various and sundry other people.
They also have 15 vehicles and six dogs. SIX DOGS!!! Six dogs who love to bark at anything and everything. I didn’t know what to do. I cannot stand the sound of a barking dog!
I have to admit, I was a little hesitant to post this. Most people are very dog friendly. I was blown away by the sheer number of you who have also lived next door to ridiculous people or situations.
Many of you suggested that I contact the landlord to see if they know about all these extra adults in the house. In most circumstances, this would be a great suggestion. Many landlords specifically prohibit adults from living in the home without also being on the lease. But this landlord is the opposite. He doesn’t care who is there, as long as the rent gets paid on time. Not a wise strategy. From everyone on the Bigger Pockets forums, this will come back to bite you in the backside just about 100% of the time. Thanks to Mrs. Frugalwoods, Million Dollar Ninja, Even Steven, Mrs. PoP, and Reader Scooze for the suggestion.
I was also advised to look into the local ordinances regarding occupancy numbers. The only issue is the occupancy rules apply to people who aren’t related. These people are all related. Thanks to Jen Spends, and Reader Wendy for the idea.
Jim Collins needed a drink after my horror story reminded him of his wretched neighbors. Sorry for the memories, Mr. Collins!
Reader Sak’s husband used to live in an apartment building and had a great way to deal with yapping. He put a post on Facebook saying “free dog at my neighbors house but you must be stealthy since she isn’t aware it’s being given away.” I love it!!! Hey, if you are in Northern Colorado anytime soon, I am giving away six dogs…
The Roamer from Traveling Wallet agreed that dogs can be annoying, and added “…what really gets me is having smoker neighbors…” Oh yeah, they smoke, too. The littlest 1500 was recently talking outside with Mr. 1500, and noticed the new neighbors smoking outside. She pipes up, in her LOUDEST voice, “Those new neighbors smoke. I hate them. They’re hillbillies!” Thanks, sweetheart.
Both Even Steven and Reader Debra suggested anti-bark devices. Mr. 1500 ordered this one from Amazon and it is really effective.
Thank you for the passionate responses and cringe-worthy stories from your own experiences. I cannot believe some of the people you have lived next to, and truly feel bad for that time in your life. I have had some pretty terrible neighbors in my time, and it makes you want to sell your house, shoot them, or just never be home.
(Confession time: Years ago, Mr. 1500 and I lived next door to this HORRID woman, her unbelievably-loud-when-drunk husband and their three routinely-unsupervised children. Rather than fixing this bad situation, they made it worse by adding a dog. They soon learned that the dog barked all the time, wanted attention, needed walked, loved, etc. so they let it out in the backyard in the morning, and brought it in at night. He barked all the time and made our lives miserable. Numerous requests to keep it quiet fell on deaf ears. One day, we happened to be in our backyard and noticed a dead squirrel. We scooped it up with a shovel, took a quick peek through the fence slats to make sure the backyard was empty, and tossed it over into their backyard. I was hoping for the dog to find it and present it to his owners. Instead, one of their kids found it and the dad had to deal with it instead. BONUS! I am not normally like this, but so much barking leads you to do uncharacteristic things… I’m not proud of my behavior. OK, I’m a little proud…)
So now let’s talk about paying your mortgage off early. Please discuss freely, and let me know what you think. Regardless into which camp you fall, please give me your reasons, along with your initial loan length, amount and interest rate. If you paid it off early, I would also like to hear how much interest you saved and how early you paid it off.
Thanks for reading!
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