Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Why not pay down the mortgage?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]There are CDs out there now that are paying a higher rate than my mortgage so I can get a guaranteed rate of return that beats prepaying the mortgage.[/quote] Can you point me to one? How long is the money tied up in the CD? What’s your mortgage rate? [/quote] This one used to be available nationwide but is now restricted to Ohio residents: https://www.depositaccounts.com/banks/the-fahey-banking-company/offers/ 60 month CD @ 4% but heavy EWP (forfeit all interest). Promos like this come up from time to time in varying required deposit periods. My mortgage rate is 3.25%. This isn't necessarily something I would choose but if the choice is taking a few extra grand and paying down the mortgage or locking it up in a CD it might be better to choose the CD.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
