Old Nov 21, 12, 8:09 pm
Join Date: Jul 2001
Location: DTW
Programs: AA Gold, Marriott PLT
Posts: 747
Originally Posted by fti View Post
Overpaying the mortgage in this extremely low interest rate environment then playing the mileage game? Doesn't make sense to me, but interesting!
I know, I know. I suspected someone would comment on this. I hate debt. Financial advisors keep saying that sometimes it pays to have debt. We told them about refinancing for a 10 year mortgage earlier this year and they (advisors) said it might be a better plan to go back to a 30 year mortgage so we had less outgo each month then wait until the housing market recovered some more and rethink if we want to sell or not.

It's one of the topics of discussion we're having with Chase in an upcoming meeting. Got an email from them saying they can lower the payment. It's a bonus spin off from getting the business account to get the Ink card. I mean we wouldn't even be having this discussion if I hadn't read up on what new cards to get.

As for playing the game, I've been a saver since childhood. Some habits begin at a very young age and stick with you.
gardengirl is offline