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While I think Dave can be helpful for some, having 30 year old loan makes more financial sense if you are financed at 3%. You can pay it off sooner if you want.
by avgDev 2y ago
While I think Dave can be helpful for some, having 30 year old loan makes more financial sense if you are financed at 3%. You can pay it off sooner if you want.
The further you get from the initial purchase date the dollar will have a lower value, and in theory you should be making more money.
Plus, even tbills are returning over 5% and are state tax exempt.
- yowlingcat 2y agoThat's not always the case if you have a prepayment penalty on a mortgage (which isn't always the case but certainly something to watch for).
- avgDev 2y agoVery uncommon in the US but one needs to do their due diligence.