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hypo: you come upon $250,000 post tax. you have $225,000 saved.
| Salmon Queen Of The Night | 02/23/18 |
| histrionic bat-shit-crazy gas station nowag | 02/23/18 |
| Salmon Queen Of The Night | 02/23/18 |
| histrionic bat-shit-crazy gas station nowag | 02/23/18 |
| Big party of the first part | 02/23/18 |
| Glittery library | 02/23/18 |
| Salmon Queen Of The Night | 02/23/18 |
| Glittery library | 02/23/18 |
| Salmon Queen Of The Night | 02/23/18 |
| Talented theater | 02/23/18 |
Poast new message in this thread
Date: February 23rd, 2018 12:21 PM Author: Salmon Queen Of The Night do you a) pay off your home mortgage, dropping your payment from $1750 to $550 (taxes and insurance), or b) continue to service the mortgage debt and try to reinvest the money?
terms of the mortgage are pretty good. 3.75% fixed 30 year.
explain your reasoning please |
Date: February 23rd, 2018 12:22 PM Author: histrionic bat-shit-crazy gas station nowag Pay mortgage (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469685) |
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Date: February 23rd, 2018 12:22 PM Author: Salmon Queen Of The Night show your work please (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469689) |
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Date: February 23rd, 2018 12:32 PM Author: histrionic bat-shit-crazy gas station nowag You avoid paying 3.5% interest. Most of your monthly payment is going to interest. I’d pay it off to avoid paying that ineterest. No guarantee your investment will generate an amount larger than what you’re paying in interest (needs to be more than 3.5% Bc of taxes, but should also account for losing whatever you’d get from mortgage interest deduction). (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469787) |
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Date: February 23rd, 2018 12:23 PM Author: Big party of the first part invest the money (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469699) |
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Date: February 23rd, 2018 12:24 PM Author: Glittery library https://res.cloudinary.com/value-penguin/image/upload/c_limit,dpr_1.0,f_auto,h_1600,q_auto,w_1600/v1/mortgages/Historical_Interest_Rates_Annual_Averages
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Date: February 23rd, 2018 12:25 PM Author: Salmon Queen Of The Night point being? (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469708) |
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Date: February 23rd, 2018 12:27 PM Author: Glittery library Your debt is cheap, historically speaking. You should be able to make more money over 30 years by investing it. (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469742) |
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Date: February 23rd, 2018 12:28 PM Author: Salmon Queen Of The Night true. I can earn near that amount in a high yield bond fund right now so that would technically cancel the interest out. (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469752) |
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Date: February 23rd, 2018 12:25 PM Author: Talented theater No brainer, invest the money. (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469718) |