Tom (Caller)
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Well, I have a question for you, and I hope all's good in your world, but I recently sold a company and finally have enough money to pay off mortgages if I wanted to, and I wanted to know should I do that or should I keep them financed?
I have a home under construction.
It's a construction loan at 3.5%, which is going to change if I close with them under a 15- or 30-year mortgage to approximately 5.5%.
And I have the funds to pay it off, and I just needed to know should I pay it off.
It's a nice chunk of change, and to pay off the house, I don't think it would affect my lifestyle.
I'm not allowed to say those exact numbers.
No, no, no.
I'm under a confidentiality agreement.
Yes.
Hey, it was a touchdown.
Very happy.
20 years.
It'll be, in June, when the house is finished, it'll be around a million, and the home will be worth about $2 million because I've already put in a chunk.
It's a good number.
No.
Fair enough.
Hey, Dave.
Long time follower.
First time caller here for you.