Modern, industrial and convenient city living. This south-facing unit with sleek built-ins and separate sleep space, is on the same level as the private courtyard. It includes a dedicated 2nd floor parking space and storage. It also has a secure building access with its intercom entry.
Have morning coffee on your balcony or enjoy a nice walk on the Willamette River Waterfront Park trail or to the Lan Su Chinese Garden. High walk score and easy Max line access.
Simplicity, great value and can be rented.
411 NW Flanders Street #309, Portland, OR 97209, $250,000 Exclusively listed by Shawn Realty, Old Town Listing Company
In this video, I’m sharing 3 ways to pay off mortgage faster. Also, I talk about why you would want to pay off the mortgage fast and when you wouldn’t want to do that. It depends on your current “life stage” and your financial goals. The answer isn’t as black and white because every individual’s situation can be different (just like in every finance situation). But, I’ll try to make it easier to follow.
Current monthly payment + Extra (example $200/month): 25.3 years to pay off and save $96,125.72 in total interest payment.
Bi-weekly payment: 26.5 years to pay off and save $71,607.82 in total interest payment.
Bi-weekly payment + Extra: 22.4 years to pay off and save $153,334.14 in total interest payment.
Based on loan amount $400,000, 3% interest rate, 30 year loan payment (principal and interest)
Active investor (should-be-active investor): I mean that if you are under 35 years old and making income and want to invest for the next 20+ years and take some risks because the longer time in the market can overcome shortcomings. There are better ways to use extra income toward other investments rather than paying toward your mortgage, such as stock or the real estate market. If you can make +7% in your other investments and pay 3% toward your mortgage, your net gain is 4% which is obviously better.
Passive investor (want-to-retire-soon investor): someone who has been investing for a while and additional investment is not necessary; you might want to pay down the mortgage faster, so you can reduce monthly living expenses. Or you just want peace of mind. If you lose sleep because you are worried about your investment losing value, no matter how great that portfolio might be, you wouldn’t want that. At least, paying off mortgage faster can work as paying 0% than -3% that you pay to the lender.
Opportunity cost: That extra $200/month can go toward paying down your mortgage faster or invested toward something else that can yield more return. The more time you have, the better it will work for you. Because of the compound effect that gets amplified by time in positive or negative directions.
Want to schedule a meeting to talk about your strategy?