Lou66
Veteran Member
- Joined
- Nov 11, 2012
- Messages
- 1,378
- Location
- Brazoria county where Texas began
- Tractor
- Deere 990/Montana 5740
You are not saving anything paying interest. HS.
HS,, Depends how one looks at it.. I could have paid cash for the house.. But I would have withdrawal from account with Fidelity that draws six pre cents,, that is a medium risk.. Around a 5 on a scale of 10,, that 6 pre cents makes that house payment.. Plus the 15 per cent in income taxes.. Because it is mostly dividends or long sells,, it has grown a little (5%) over the last three years.. But the main thing is I still have use of that money.. in case I need.. but the value of the house has always gone up,, in the last three years.. I believe that 6% will turn in to 8% in the next 5 years.. but that 2.75 will still be 2.75 on that same amount of money.. For the next 27 years.