Student loan at 4.8%, pay it off?
| abcxyz123 | 05/10/12 | | :D | 05/10/12 | | ...,,.,.,.,,,,... | 05/11/12 | | ....;.;;;::;,,..;,.;.,,;.;..,;.;.;;; | 05/10/12 | | :D | 05/11/12 | | AZNgirl painting over half of baby Panda | 05/11/12 | | :D | 05/11/12 | | ....;.;;;::;,,..;,.;.,,;.;..,;.;.;;; | 05/11/12 |
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Date: May 10th, 2012 11:55 PM Author: abcxyz123
I currently carry 40k at 4.8%, but want to also save for a house 3-4 years from now. So I either invest the money for now and go for a smaller mortgage (carry some interim invest risks) or pay off loan and go with a bigger mortgage. Mortgage interest payments are deductible, but student loan are not; mortgage rate currently at historic low, lower than 4.8%, but not guarantee to stay this low 4 years from now.
Which is credited move, pay off loan or save for down payment?
(http://www.autoadmit.com/thread.php?thread_id=1945756&forum_id=2#20666404) |
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