- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Home Equity question
Posted on 8/2/13 at 12:05 pm to RandySavage
Posted on 8/2/13 at 12:05 pm to RandySavage
Yes, it is that simple. But also take into account the amount of money you will spend to sell your house (realtor fees, fixing up, etc).
Also, if your house takes longer to sell and you want to buy/build a new one then that equity you see as down payment is tied up.
As for what makes sense...you will definitely "save" more money by paying towards principal. But if you can invest the money for a higher rate than your mortgage interest rate then do that. But a short term savings account will not earn much.
Also, if your house takes longer to sell and you want to buy/build a new one then that equity you see as down payment is tied up.
As for what makes sense...you will definitely "save" more money by paying towards principal. But if you can invest the money for a higher rate than your mortgage interest rate then do that. But a short term savings account will not earn much.
0
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News