payoff
Pay off second loan or enjoy tax break?
finance | loan | mortgage | payoffFinance Filter: I have a second loan on my condo at a rate of 7.75%.. I did this to avoid PMI. I have the cash to pay it off.. 35k or so.. Is it likely a good idea to pay it off and forgo the tax breaks I'm getting on the interest, to avoid the 7.75% rate? I'll take all responses at face value.. I'd like non-professional advice before seeking a financial adviser.. Thank you
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Pay off second loan or enjoy tax break?
finance | loan | mortgage | payoffFinance Filter: I have a second loan on my condo at a rate of 7.75%.. I did this to avoid PMI. I have the cash to pay it off.. 35k or so.. Is it likely a good idea to pay it off and forgo the tax breaks I'm getting on the interest, to avoid the 7.75% rate? I'll take all responses at face value.. I'd like non-professional advice before seeking a financial adviser.. Thank you
» source
Pay off my house, or put it in the market?
finance | housing | mortage | payoff | refinancePay off my house, or put it in the stock market? I have the opportunity, via a "windfall of cash" to have enough money to buy my house. I owe about 40% of the current value of the house. With this windfall, I could pay it off, and have some cash left over. The other option is that I put the money into the market, where it will (hopefully) get more interest. The payments aren't a stretch for me now. However, I'll also be unemployed via this windfall, and if I were to pay off my house, I'd have no payments other than ongoing utilities. That would put me in a position to either 1) last a while, or 2) take some risks and go for a big pop at at startup.
Pay off my house, or put it in the market?
finance | housing | mortage | payoff | refinancePay off my house, or put it in the stock market? I have the opportunity, via a "windfall of cash" to have enough money to buy my house. I owe about 40% of the current value of the house. With this windfall, I could pay it off, and have some cash left over. The other option is that I put the money into the market, where it will (hopefully) get more interest. The payments aren't a stretch for me now. However, I'll also be unemployed via this windfall, and if I were to pay off my house, I'd have no payments other than ongoing utilities. That would put me in a position to either 1) last a while, or 2) take some risks and go for a big pop at at startup.
