- 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: Cash-out refi, best option for addition to house?
Posted on 11/19/12 at 2:47 pm to ItNeverRains
Posted on 11/19/12 at 2:47 pm to ItNeverRains
quote:
bi weekly or make one extra payment to knock 6 years off. That is exactly what I am doing.
You are willingly paying extra money to prepay a loan at that low a rate? Once you take the loss of tax deduction and inflation into account, that is about a zero return on investment. You are literally locking up money for 20+ years for no return at all.
Back when rates were higher this made more sense but not now.
1
Posted on 11/19/12 at 3:56 pm to foshizzle
Yeah no matter what we do it'll be a 15year. The house is the only debt we have (and will stay that way) and with a 1yr old and planning for #2 our goal is to be out of the house when they finish high school.
Thanks for the tips
Thanks for the tips
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News