Nissan 370Z Forum - View Single Post

Bucketlist2012 · 02-03-2013, 02:15 PM

All I saw was TAXFREE...

For me, I would never pay off the House...At today's rates being 3.75%, you are borrowing the money for free after deductions...No paying the House..If you have one. Refinance NOW

A paid off house is illiquid and you can get a loan for 3.75% and you can make double that Investing. Some people need a paid off home...With Interest rates below 4%, it is a no brainer....Re finance, or buy a Home with only 20% down.

Second I would invest at least 30K to 50K in Dividend paying stocks and reinvest the dividends...At 7% it will double in 10 years...

Then just for fun, blow 10K to 15K on your car if you want. And bank the rest for unknown futures costs...

02-03-2013, 02:15 PM	#42 (permalink)
Bucketlist2012 A True Z Fanatic Join Date: Feb 2012 Location: Northern California Posts: 1,424 Drives: 370Z Touring/Sport Rep Power: 16	All I saw was TAXFREE... For me, I would never pay off the House...At today's rates being 3.75%, you are borrowing the money for free after deductions...No paying the House..If you have one. Refinance NOW A paid off house is illiquid and you can get a loan for 3.75% and you can make double that Investing. Some people need a paid off home...With Interest rates below 4%, it is a no brainer....Re finance, or buy a Home with only 20% down. Second I would invest at least 30K to 50K in Dividend paying stocks and reinvest the dividends...At 7% it will double in 10 years... Then just for fun, blow 10K to 15K on your car if you want. And bank the rest for unknown futures costs... __________________ 2009 Sport/Touring 370Z 1971 Z/28 with coil overs, rushforth's, willwoods, Hotchkis. 4 speed GMC Sierra1500