Tin Whistle wrote:
Put the $ with a broker
Have him buy CDs
Get a mortgage from the broker at nominal spread over CDs under 3.58
Continue to get tax deduction on mortgage interest paid
Sleep soundly
The tax deduction argument is ridiculous.
Tin Whistle wrote:
Put the $ with a broker
Have him buy CDs
Get a mortgage from the broker at nominal spread over CDs under 3.58
Continue to get tax deduction on mortgage interest paid
Sleep soundly
The tax deduction argument is ridiculous.
Cool too see my post from 6 years ago.
I hope the op invested their money wisely.
I would not have paid off the mortgage. And I would have invested most of the 200k. Kept some emergency fund and stopped paying extra principal. 3.5% is free money.
I used to pay my house off quicker and then I stopped and my net worth has gone up much higher. I was a bit silly but whatever first world problems I guess.