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re: Mortgage demand falls to lowest level in 22 years amid rising rates, slowing home sales
Posted on 6/8/22 at 12:26 pm to BayouBengal23
Posted on 6/8/22 at 12:26 pm to BayouBengal23
At 2.5% you should be able to exceed that in a variety of investment options.
Emotionally finishing the note feels good, but number wise it makes sense to direct that to investments
Emotionally finishing the note feels good, but number wise it makes sense to direct that to investments
2
Posted on 6/8/22 at 5:01 pm to RJSambola
Knocking off PMI could also be a good financial reason to pay a little extra.
Posted on 6/8/22 at 11:03 pm to RJSambola
quote:
At 2.5% you should be able to exceed that in a variety of investment options.
Can you explain where you put money for the last six months and got a 2.5% return? I assume you have a ton in commodities if you are up. I know I wish I had paid extra on my note for the last seven months instead of losing 25% in 401k contributions and 18% in other investments. Such a categorical statement is not always accurate.
If I were closer to retirement I definitely would have wished I had put more toward paying even 2.5% mortgage v. investing it.
This post was edited on 6/8/22 at 11:05 pm
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