- 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: Would you carry a mortgage if you didn't have to?
Posted on 6/5/18 at 10:50 am to SouthOfSouth
Posted on 6/5/18 at 10:50 am to SouthOfSouth
Thanks All 
Yes, I will do a 15 year mortgage, and plan to pay it off in maybe 5, that's what I did last time.
As far as the rates, I guess I was hoping that low rates were in the 3's, but I guess it's low 4's at the moment. But then again, I won't be getting this mortgage till sometime next year, so I hope they stay somewhat low.
Yes, I will do a 15 year mortgage, and plan to pay it off in maybe 5, that's what I did last time.
As far as the rates, I guess I was hoping that low rates were in the 3's, but I guess it's low 4's at the moment. But then again, I won't be getting this mortgage till sometime next year, so I hope they stay somewhat low.
2
Posted on 6/5/18 at 10:59 am to kywildcatfanone
Rates in the 4's is still a steal. Once it starts heading towards 6 and above is when it's getting tough to swallow. The fact it got below 4 at any point is unbelievable to me.
Posted on 6/5/18 at 11:06 am to kywildcatfanone
I wouldn't tap a retirement vehicle to avoid a manageable mortgage payment. The retirement money will be there if something changes and you can utilize it in the most effective manner.
As for the mortgage, you may want to ask about an ARM. I'm not familiar with current rates, but you can possibly get a lower rate. The fact you have the money to pay off the mortgage eliminates the risk associated with the potential for increasing future rates.
As for the mortgage, you may want to ask about an ARM. I'm not familiar with current rates, but you can possibly get a lower rate. The fact you have the money to pay off the mortgage eliminates the risk associated with the potential for increasing future rates.
This post was edited on 6/5/18 at 12:17 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News