- 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 11:06 am to kywildcatfanone
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
1
Posted on 6/6/18 at 1:01 pm to Oenophile Brah
quote:
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.
This is exactly what I was thinking. Quick search tells me 15 year rates are a better option, but the benefit of this is being able to pick and choose when you pull money out to pay down the principal based on how your accounts have performed (or not performed).
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News