dm
Full time employment: Posting here.
I paid off my home in 2005, I was paying around 6% at the time. But now with rates in the 3.5% range for a 30 year loan, I went ahead and applied.
I don't need the money, not even sure what I'll do with it. I just don't think that we will see rates to continue to be this low in the future. I think eventually QE will slow, and rates will rise.
Some thought's are:
1. Use the money to reduce my taxable income and thus pay less taxes and get Obamacare subsidies.
2. Buy a condo at the beach and get away from the St. Louis winters. Then rent it out the rest of the time. And hopefully also the condo value will at least keep up with inflation.
3. Invest in balanced funds. Averaging in over a year or two.
4. Put away just in case a bargain comes up.
I'll probably do a little of all of the above. Anyone else have any idea's?
I don't need the money, not even sure what I'll do with it. I just don't think that we will see rates to continue to be this low in the future. I think eventually QE will slow, and rates will rise.
Some thought's are:
1. Use the money to reduce my taxable income and thus pay less taxes and get Obamacare subsidies.
2. Buy a condo at the beach and get away from the St. Louis winters. Then rent it out the rest of the time. And hopefully also the condo value will at least keep up with inflation.
3. Invest in balanced funds. Averaging in over a year or two.
4. Put away just in case a bargain comes up.
I'll probably do a little of all of the above. Anyone else have any idea's?