Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)
Depends on the specifics at the end of the day. I wouldn't want to pull money out of a retirement account, but maybe borrowing against a portfolio shorter term could make sense over PMI? You'd have to run the numbers. I think my Edward Jones is just a no strings line of credit at 5.5%. Provided you are well below the 50% mark, you wouldn't have to worry about calls. Many people use that type of thing for margin, but you can use the dollars for whatever you like.
So for a down-payment, I could tap that if it makes more sense than PMI. Temporarily obviously, and spare dollars would go towards it til you are even.
So 5.5% for x amount of dollars versus 3.5% + PMI to cover those same dollars?
No idea how the math comes out and I'm not in the market for a house right now, but this is another option for people to look into.
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Last edited by Tiduwho; 08-09-2016 at 07:53 AM.
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