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Pay down 4.375% mortgage, or invest in the market?
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Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43440140 added 09-30-2011 4:54 PM by deal_slacker in Archived Deals
I second that, first do a "NO COST" refinance, and get rate below 4% (you should be good as your LTV is pretty much with what broker want that to be. Don't put money in the house(you never know...
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43507238 added 10-03-2011 1:55 PM by jostle in Archived Deals
The decision depends on the rate you are able to yield through the market. If you have confidence in beating the 4.375% then play the market. This has to possible outcomes. One, your intuition was...
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43442094 added 09-30-2011 6:32 PM by DWad in Archived Deals
Refi, then pay off the mortgage. It's basically a guaranteed way to make your money work for you. If you invest in the market (which isn't doing so great right now..), you could make money, then pay...
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43434216 added 09-30-2011 1:03 PM by YfzinJay in Archived Deals
Another option for you would be to pay down your mortgage with the $30k and open up a home equity line of credit. Rates are around the 4s for Lines right now. THat way its still available for you to...
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43434612 added 09-30-2011 1:15 PM by PiratesSayARRR in Archived Deals
This is incorrect. The market is considered liquid. A house on the other hand is consider illiquid. The whole idea is that you can convert to cash almost immediately.
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43441082 added 09-30-2011 5:43 PM by vaultaddict in Archived Deals
deleted
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43503616 added 10-03-2011 12:06 PM by Stevie_W in Archived Deals
Pay the mortgage, market is very unstable right now.
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43492982 added 10-03-2011 5:59 AM by loop610bob in Archived Deals
If you don't have an emergency fund, that needs to come first. In a perfect world, you should have 6 months on hand. $30k in money from the sky is a great way to do that. It needs to be liquid...
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43558300 added 10-05-2011 6:24 AM by Zytos in Archived Deals
Thanks for your input everyone. To the last poster, yes, I did get the mortgage recently. I purchased my house in January 2011 at $670k with 20% down. I decided to put half ($15k) into VYM...
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43566502 added 10-05-2011 11:23 AM by nlogn in Archived Deals
they won't automatically re-amortize the loan. You have to ask.
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43527640 added 10-04-2011 7:47 AM by attgig in Archived Deals
how new is the mortgage? check out your amortization calculator, and see how much money you would save in the long term if you put a good chunk right now. from your balances, it sounds like you've...
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43437436 added 09-30-2011 2:56 PM by colgancm in Archived Deals
First off, Do you feel comfortable in your position in life with the debt-load you currently carry and with job security and etc etc. I am assuming from your post, that you do feel comfortable about...
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43437536 added 09-30-2011 3:01 PM by General Ghoul in Archived Deals
First thing you should do is refi that mortgage. I see jumbo rates at 3.875% today, they have been lower in the past, and may fall again on the next bad economic news.
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43440934 added 09-30-2011 5:38 PM by vaultaddict in Archived Deals
Pay the mortgage.
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43451584 added 10-01-2011 6:40 AM by General Ghoul in Archived Deals
Let's keep it civil, this is not the Podium.
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43512416 added 10-03-2011 4:37 PM by barrytuneup in Archived Deals
Zytos and others----someone explain to me why you would want to pay off a mtg in the first place. In times like these you should get the lowest payment possible and keep your money in a safe liquid...
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43479410 added 10-02-2011 2:26 PM by Maxwell157 in Archived Deals
I'd buy an oil related ETF right now. I should say, I did buy an oil related ETF on friday. I don't think shorting the market is a good long term investment. Yes, it may pay off short term. ...
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43433618 added 09-30-2011 12:46 PM by Zytos in Archived Deals
Hello all, I'm new to this section of Slickdeals. I hope you guys can give me some input on my following decision: I have around $30k to with which to either: a) put towards my 4.375% fixed...
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43440996 added 09-30-2011 5:40 PM by barnz008 in Archived Deals
Take whatever you feel comfortable gambling with out of that $30k and short the market. It's not the time to invest in anything unless you have a gut of pure iron and can sit comfortably while...
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43562522 added 10-05-2011 9:01 AM by PiratesSayARRR in Archived Deals
If they are prepayments..meaning you are sending in the mortgage coupons early this is correct, however if you pay down principal the loan should reamortize. There is a poster in the forum (name...
Pay down 4.375% mortgage, or invest in the market?
Expired
Thread created 09-30-2011 by Zytos
0 Score 20 Replies 2,895 Views
Post #43571504 added 10-05-2011 1:56 PM by attgig in Archived Deals
In my experience, they've automatically reamortized the loan. I guess it depends on the lender? and OP, you're correct, it doesn't reduce your monthly, but prepaying early can help significantly...

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