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#15
01-16-2010, 11:26 PM
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Paying off a house is one of the best things to do. Not sure about, the laws there, but in Texas they can not take away your homestead.
In the past, having a note had tax advantages. Today, there is very little tax advantage. Plus paying off a house early look at all the money you save!!!!!!!!!!!!!!!!!!!!!! It is unbelievable how much you end up paying if you pay the note over 20-30 years. Shoot the m oney you save is enough to buy you a second house. 
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