| Author | Message | ||
     Kubang Yavvanam Kaatesina Bewarse Username: Kubang Post Number: 8390 Registered: 09-2011 Posted From: 161.141.1.1 Rating: N/A |
naaku adantha chadive vopika ledu bro. my logic is very simple. if you pay off your mortgage quickly; the total amount of interest that you are paying is less i.e., the money going out of your pocket is less. migatha vanni depends on arbitrage, what if the other investment goes sour? it will be a double whammy. I would rather pay off the mortgage and take a LOC on the house and invest if there is a compelling opportunity. that way you can write off the interest on LOC plus you pay only capital gains tax which is normally less than income tax rate Ignorance is bliss |