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| Topic | Thinking about seeing in my boyfriend wants to do domestic partnership |
| adjl 10/22/23 10:03:23 PM #54: | potdnewb posted...
he could take the money buy a better house or rent an apartment or travel the world So... Option 1: Boyfriend owns paid-off house, receives insurance payout reduced by remaining cost of house Option 2: Boyfriend receives full insurance payout, then has to use some of it to secure housing If he wants to move, owning the house means he can sell it (likely for more than the remaining mortgage, given how housing prices have been trending) and still have the same amount of money as if he took option 2 (probably actually more), plus he gets to do it on his own terms instead of having to hope that Jen actually makes it into the ground before the bank evicts him. The only possible issue with option 1 is that if the interest rate is low enough on the mortgage, it may be better to leave it unpaid and invest the money elsewhere for a better return than he'd see by paying it off immediately, but either way this idea of leaving the mortgage unpaid is very obviously terrible. --- This is my signature. It exists to keep people from skipping the last line of my posts. ... Copied to Clipboard! |
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