h******a 发帖数: 157 | 1 And you have a mortgage at 4.0%. Does it make sense to borrow the $20k from
credit card and pay mortgage now? Assume you will have enough money to pay
the $20k back after 2 years, and you don't have the $20k at bank right now. |
l*******r 发帖数: 328 | 2 i think the question is when you will have the $20k. if you have $20k this
year, you don't need to borrow from credit card. just pay down when you have
the money.
also, mortgage is tax deductible. do the actual savings is less than 2%.
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【在 h******a 的大作中提到】 : And you have a mortgage at 4.0%. Does it make sense to borrow the $20k from : credit card and pay mortgage now? Assume you will have enough money to pay : the $20k back after 2 years, and you don't have the $20k at bank right now.
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r******o 发帖数: 1530 | 3 you can't deduct interest expense on credit card, but you can do that on
mortgage, so I don't see why you'd like to do it. |
g*****g 发帖数: 34805 | 4 I would open an HELOC instead.
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【在 h******a 的大作中提到】 : And you have a mortgage at 4.0%. Does it make sense to borrow the $20k from : credit card and pay mortgage now? Assume you will have enough money to pay : the $20k back after 2 years, and you don't have the $20k at bank right now.
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