mmurphy384 asked:


As rates continue to fall, I’m considering the following:
My home will appraise for ~500,000
I currently owe $200,000 in year 5 on a current 30 yr mortgage @5.875%.

I have spent the last 5 years paying down mortgage debt (my only debt) as fast as possible. Should I tap into my 300k of equity to fund an invetment plan?
I’m considering:
1) Take out a $350,000 loan for 30 years (hopefully, at 5%)
2) Pay a monthly mortgage of ~$2,000
3) Put the $150,000 into a conservative mutual fund to earn a modest 8% interest.

Given the tax advantages of the mortage interest, the numbers look promising. I understand that mutual funds don’t automatically return 8%. Some years they may lose and some years they may get 16% or more. It’s the average.

The numbers will create a nice cash reserve in about 5-10 years, which is comforting.

Does this make sense. The numbers all point to yes, but I don’t know if I’m missing something. I do have a separate IRA for retirment

Any suggestions?

fast mortgage

Database Dan asked:


I have the chance to take out an un-secured 25k loan at 2% interest (it’s a military thing). Should I take it out and invest it in a CD making 5% interest? Is it as really as simple as Well, 5-2=3, so I should walk with $750?

secured loan

nexcane asked:


We are looking for $96,000. I have a detailed business plan which projects strong growth and profits. I have tried banks and the SBA, however I have nothing to secure the loan against though I recently purchased a $300,000 house (no equity yet). This is far to little information to base an informed decision on, so please ask for more information if interested in learning more. This company will succeed. The question is: Would you like a piece of our success?
My busines spartners and I are looking an numerous options and have been doign so for some time, however with the internet’s ability to connect people we felt this is yet another option available to us. We will of course thoroughly evaluate all potential investors.

secured loan

Keak T asked:


is 18.5 % interest high for home equity loan?

home loan