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I just stumbled on this thread, I feel like I'm in a similar situation but I guess everyone else my age is in the same boat straddled with mtg. At least we're not renting.
Just a few suggestions. Can you rent anything out? Air BNB $1000 a month will help out greatly. Rent out the garage? Cough as a garage or convert it into something? When does your mtg heloc mature? $600k split between 3 incomes isn't the worse. You have no strata. You can definitely look for better rates, switch lenders to get cash back, lower rates. Go on variable, rates will continue to drop. I think paying less into the heloc isn't the worse case, just restretch the amortization. As land value appreciation should cover that. That's the whole point of a heloc vs mtg, you have more flexibility than just making fixed payments. I think the Asian mentality of not owing money really hurts people. Yes you have a $2m house paid off. But no savings in the bank when you retire and can't pay property tax. Do you have any savings left? I think putting a few hundred a month to start on something like wealth simple into like a S&p etf to build some savings is a good thing rather than spending every dollar on payments to pay off quicker. Or some high yield stock dividend funds to pay monthly dividends to build cash flow a long with drip to auto build your portfolio.
Where's this rich ppl Ferrari girl gym, RS meat?
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