Use 30yr mortgage to fund mutual fund investment/retirement? related questions

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Use 30yr mortgage to fund mutual fund investment/retirement?0Sariah2012-10-14 11:18:59
As rates continue to fall , I'm considering: MedlinePlus My house will appraise for ~ 500,000 MedlinePlus I now owe $ 200,000 in year 5 in a stream of 30 years [email protected] % . MedlinePlus MedlinePlus Overall I am very financially conservative and have spent the last five years by paying the mortgage debt ( my only debt ) as fast as possible ( an extra $ 500/month towards princ . ) . MedlinePlus MedlinePlus Do you have the following meaning : MedlinePlus 1) Take a $ 350,000 loan for 30 years (hopefully , 5% ) MedlinePlus 2) Pay a monthly mortgage of ~ 2000 MedlinePlus 3) Place the 150,000 in a mutual fund to earn interest conservative modest 8 % . MedlinePlus MedlinePlus Taking into account the tax benefits of mortgage interest , the numbers look promising . I understand that mutual funds do not automatically return to 8% . Some years may lose and some years can get 16% or more . Is average. MedlinePlus MedlinePlus The numbers will create a nice cash reserve in about 5-10 years, which is comforting . MedlinePlus MedlinePlus Does this make sense . The figures suggest so, but do not know if I'm missing something . MedlinePlus MedlinePlus Any suggestions ?
Use a mortgage to fund a mutual fund investment for cash reserve?0malna2012-08-27 04:38:03
As rates continue to fall , I'm considering: MedlinePlus My house will appraise for ~ 500,000 MedlinePlus I now owe $ 200,000 in year 5 in a stream of 30 years [email protected] % . MedlinePlus MedlinePlus I spent the last five years by paying the mortgage debt ( my only debt ) as fast as possible . Should I use my 300k to finance capital invetment plan ? MedlinePlus I'm thinking : MedlinePlus 1) Take a $ 350,000 loan for 30 years (hopefully , 5% ) MedlinePlus 2) Pay a monthly mortgage of $ 2,000 ~ MedlinePlus 3) Place the $ 150,000 to a conservative mutual fund to earn a modest 8 % interest . MedlinePlus MedlinePlus Taking into account the tax benefits of mortgage interest , the numbers look promising . I understand that mutual funds do not automatically return to 8% . Some years may lose and some years can get 16% or more . Is average. MedlinePlus MedlinePlus The numbers will create a nice cash reserve in about 5-10 years, which is comforting . MedlinePlus MedlinePlus Does this make sense . The figures suggest so, but do not know if I'm missing something . I have a separate IRA retirment MedlinePlus MedlinePlus Any suggestions ?
Which Mutual fund or GIC or Investment plan has had the best return for you?0Teresa Joseph2012-10-11 06:56:48
My husband and I want to save up $ 10,000 so we can get a loan of $ 200,000 to build our house on his property ..... we invest in GIC to get a good return on our savings . There are only so many bank plans and financial planners and GIC and mutual funds to choose ... We researched online , but this is an important decision for us .... Is there anyone out there who has successfully received very good returns on your investments ? What plan / company chose? We plan to $ 1,000 / month to reach the $ 10,000 ... but that place / plan has the best performance ? Has anybody tried IGN live , think it's called ? The return is not seeking the best of the entire bank GIC and other places I've looked online .....
Stock and mutual fund question?0teas2012-09-02 07:05:04
What is the downfall of this idea? MedlinePlus If you took a loan from my 401k to 10k when the market is up 18 % since the beginning of the year and put the money in as low at -10 percent since the beginning of the year , it would be a good idea? Would you I can make money ? I can take a loan at 5.5 % interest and all interest is paid back to my account . In other words , I'm taking a loan from myself and pay interest back to myself . No taxes or other charges other then a fee of $ 125 to get the money . Out of my paycheck on a weekly basis on a payment plan of 5 years and can be paid in full at any time. Is this a good idea? People tell me its a bad idea, but no one can explain why . All the while still contrubuting 9 percent of my check in the plan. Someone explain why this is a bad idea please , because it seems so simple.
Money mutual fund Scam?1BrXce2012-08-29 09:46:03
I foolishly called Mutual Fund announces money by Montel Williams , short term loan , I was immediately denied within 20 seconds of the girl on the other end of the phone. They now have every single personal information about me . I do not trust them at all. What I can do about them with my information ? I'm more nervous because I was denied instant cash no reason. I feel cheated by these creeps
Is it better for me to invest my money in a mutual fund or to pay off my house early?2Javay2012-09-22 10:43:05
I refinanced my house with a 15 year loan at 4.25 % APR . Each month I have about $ 500 extra. Is it better for me to invest the extra money in a mutual fund or to pay my house faster . Thank you.
Is it better for me to invest my money in a mutual fund or to pay off my house early?3Iulia2012-08-29 03:42:04
Is it better for me to invest my money in a mutual fund or to pay my house off early? I refinance my house for a 15 year loan at 4.25 % APR. Every month I have about $ 500 extra. Is it better for me to invest that extra money in a mutual fund or to pay off my house faster. Thank you.
Best way to start a retirement fund at age 20.?0-bLaZiNg^DuCk- 2012-10-27 02:48:22
I have 20 years of age. MedlinePlus MedlinePlus I am a college student third. MedlinePlus MedlinePlus I have student loans to pay the interest of the moment . MedlinePlus MedlinePlus I want to know what is the best way to start a retirement fund at my age that do not require me to put a lot of money . MedlinePlus MedlinePlus How do I start the background you recommend? MedlinePlus MedlinePlus I just want to start now because I know that for my generation , retirement money will be a problem .
Is it wise to take money from a retirement fund to buy a house?2POOKIE2012-08-26 12:49:04
I have about $ 50,000 in a tax-deferred annuity that earns 8.25 % interest. I may borrow this as a home buyer first . Then you have to pay 8.25 % interest on the loan, but I have to pay again to myself. Is it smarter to take out a regular loan ? I have 29 and want to be very secure in retirement.
Why is there a huge penalty if I cash out my retirement fund, even though it's not guaranteed to be there?0gingerbeard862012-09-30 09:27:02
in 2035 and is losing cash as is ? Would not it be better if the money is transferred through my student loan debt , canceling both?
How can i secure a loan, based on repayment when i receive my cash out of a retirement fund?0 ● __ Jueban cake relic -2012-10-11 20:15:15
I will be getting a check to cash my retitrement plan , but is being withheld for more than three months, and I need some cash now.who make me a loan based on the payment ( in the latter case ) , to receipt of that check ?
UK only. Are you allow to use ISA fund holdings as a collateral in a secured loan or mortgage?1manal2012-10-02 01:45:03
I am told that I can not for HSBC ..... my credit score is not great because I'm only earning minimum wage.

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