mettastar Posted October 14, 2021 Report Share Posted October 14, 2021 Ikkada oka point miss avuthunnaru janaalu .. even if you make lump sum payment .. your monthly payment wont change Quote Link to comment Share on other sites More sharing options...
JackSeal Posted October 14, 2021 Report Share Posted October 14, 2021 Just now, mettastar said: Ikkada oka point miss avuthunnaru janaalu .. even if you make lump sum payment .. your monthly payment wont change You can recast loan to reduce monthly payment. Quote Link to comment Share on other sites More sharing options...
mirchi_bajji Posted October 14, 2021 Report Share Posted October 14, 2021 bank account lo money undatam waste. if you cant invest in other stuff then pay off the mortgage. if you can invest , then keep it as is. keep money in index stocks if you dont know where to invest. all the best. Quote Link to comment Share on other sites More sharing options...
AreyOSamba Posted October 14, 2021 Report Share Posted October 14, 2021 59 minutes ago, trent said: Rich never payoff the mortgage ani Robert gadu cheppadu ga Robert gaadu 3 times bankruptcy file chesaadu. Vaadu vaadi maatalu asalu reliable kaadu. Quote Link to comment Share on other sites More sharing options...
yemdoing Posted October 14, 2021 Report Share Posted October 14, 2021 4 minutes ago, AreyOSamba said: Robert gaadu 3 times bankruptcy file chesaadu. Vaadu vaadi maatalu asalu reliable kaadu. who robert ? Quote Link to comment Share on other sites More sharing options...
mettastar Posted October 14, 2021 Report Share Posted October 14, 2021 33 minutes ago, JackSeal said: You can recast loan to reduce monthly payment. Not easy and many wont agree .. better is to refinance rather if interest rates are low Quote Link to comment Share on other sites More sharing options...
AreyOSamba Posted October 14, 2021 Report Share Posted October 14, 2021 1 hour ago, yemdoing said: who robert ? Robert Kiyosaki Quote Link to comment Share on other sites More sharing options...
Sword_KanthaRao Posted October 14, 2021 Report Share Posted October 14, 2021 4 hours ago, andhrabullet said: good or bad choice? extra cash unte... @Spartan @Vaampire @csrcsr @veerigadu good or bad choice anedi pakana pedithe, initial years of mortgage la already interest componenent maximum kattesi vuntav...towards end of the loan, principle maximum, interest minimum vuntadi... overall interest rate kakunda, last few years interest okate calculate chesthe you are effectively paying less than 1% interest rate...you will be spending more on starbucks coffee than interest rate.. Home loans, maximum advantage if they are paid up with in 4-5 years or else better not to pay off at all... Quote Link to comment Share on other sites More sharing options...
Thokkalee Posted October 14, 2021 Report Share Posted October 14, 2021 check how much of interest is pending on your loan... if it is considerable , then you can pay off.. if you have paid most of the interest (depends on how long you paid the loan), then it is not worth to pay off the loan.. better invest somewhere else if you can afford the monthly payment... Quote Link to comment Share on other sites More sharing options...
k2s Posted October 14, 2021 Report Share Posted October 14, 2021 4 hours ago, andhrabullet said: ante 30 years loan kada.. plus amortization lo first interest chalu pothundi kada few years lo treat that interest == inflation $ depreciation man.. Quote Link to comment Share on other sites More sharing options...
k2s Posted October 14, 2021 Report Share Posted October 14, 2021 2 hours ago, mettastar said: Ikkada oka point miss avuthunnaru janaalu .. even if you make lump sum payment .. your monthly payment wont change unless they refinance Quote Link to comment Share on other sites More sharing options...
k2s Posted October 14, 2021 Report Share Posted October 14, 2021 4 hours ago, Spartan said: keep cash or invest in something else dont pay off ani ma boss @k2s bodincharu appula apparao suthralu follow avvandi vay... dont earn more money and pay 30% taxes... borrow money and pay less <5% interest. Quote Link to comment Share on other sites More sharing options...
Rao_Garu Posted October 14, 2021 Report Share Posted October 14, 2021 ikkada home a ledu....mortgage payments kooda ayipoinaai kondarivi ikkada 1 Quote Link to comment Share on other sites More sharing options...
veerigadu Posted October 14, 2021 Report Share Posted October 14, 2021 It depends on how big is your principal is? 700k ayithe even 2% interest is a lot if you ask me Anything less ayithe mathram, Ippudu unna interest rates are very low. Veetiniii kuda baruvuuu la feel ayyi kattesthaaa anteee neee Ishtam. I would rather invest that money elsewhere instead of paying off the loan Quote Link to comment Share on other sites More sharing options...
Sarvapindi Posted October 14, 2021 Report Share Posted October 14, 2021 4 hours ago, AndhraneedSCS said: Just invest that money on S&P 500. You will get better returns Throw light 💡 Plz Quote Link to comment Share on other sites More sharing options...
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