Tilted Forum Project Discussion Community - View Single Post - House refi

ngdawg · 04-03-2006, 06:12 PM

Even if you can afford it, why lose money? It'd only work if the cd paid more than the mortgage rate I should think.
If you're doing just so you can have something to fall back on should times get a little difficult and it won't make a difference in your month outlay, then yea, go ahead, but as an investment? nah....you'd be better off putting it into a diversified portfolio with both high-risk and 'safe' stock investing, but it has to sit a while to show a difference-a few years. I also wouldn't do 15 grand-if it's a cushion you're looking at, figure your outlay for 3 months and take that.

04-03-2006, 06:12 PM	#3 (permalink)
ngdawg peekaboo Location: on the back, bitch	Even if you can afford it, why lose money? It'd only work if the cd paid more than the mortgage rate I should think. If you're doing just so you can have something to fall back on should times get a little difficult and it won't make a difference in your month outlay, then yea, go ahead, but as an investment? nah....you'd be better off putting it into a diversified portfolio with both high-risk and 'safe' stock investing, but it has to sit a while to show a difference-a few years. I also wouldn't do 15 grand-if it's a cushion you're looking at, figure your outlay for 3 months and take that. __________________ Don't blame me. I didn't vote for either of'em.