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re: Financial Crossroads
Posted on 4/23/14 at 9:15 pm to tigersnipen
Posted on 4/23/14 at 9:15 pm to tigersnipen
quote:
Question to everyone, mortgage rates have been trending up and could go up over 6%+ soon. Would it not be better to lock in a sub 5% interest rate on a 30yr mortgage, pay off the student loans then put that money towards the mortgage / additional retirement?
That is exactly why I said the biggest mistake would be to not do serious analysis. Break out the spreadsheet, if you don't know how this is a good time to learn b/c decisions like this come up surprisingly often.
0
Posted on 4/23/14 at 9:19 pm to Saint5446
I am in the minority in that I would buy the home first with 20% down. I would cut back lifestyle after that and nail the student loan down as fast as possible. If you wait a few years for the mortgage you will regret it.
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