SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (1931)2/26/2002 3:41:15 PM
From: TradeliteRead Replies (2) | Respond to of 306849
 
re: shifting stock funds into real estate

This is certainly true in our case at home. Recently we were looking at refinancing the remaining eight years of our 7.25 percent 15-year note into a 10-year, 6.49 percent note. The other option is to pay off the remaining eight years of our present note in one lump sum.

On the surface, the refi looked real good. Much lower monthly payments, and we could always pay it off early if we chose.

After running the numbers and examining them closely, however, the clear money-saving choice is to pay off our present note in cash as soon as possible.