No brainer to pay cash. You can't get a guaranteed investment anywhere paying that high of an interest rate.The rate is from NASB, having talked to a banker and for 800+ FICO score. Absolute garbage and the banker knew it too. I will talk to a couple of more brokers and see what they say. I am not expecting anything less than 6.5% btw so the difference isn't huge.
On being able to deduct mortgage interest from taxes, peace of mind that a paid off house in a great area is more valuable to me, at the moment.
Statistics: Posted by anon_investor — Sat Mar 09, 2024 4:45 pm — Replies 23 — Views 1753
