| Author | Message | ||
Mahesh_fan Megastar Username: Mahesh_fan Post Number: 24854 Registered: 09-2010 Posted From: 167.219.0.140 Rating: N/A |
elanti ideas evakandi .. borrow and invest anedi chala bad thing.. | ||
Guru Hero Username: Guru Post Number: 14152 Registered: 05-2009 Posted From: 199.67.140.56 Rating: N/A |
that is assuming interest rate of 3.5 after 7 years, which is most likely not the case. So the savings will be more than 6k. | ||
Rudraksha Side Hero Username: Rudraksha Post Number: 7121 Registered: 07-2012 Posted From: 32.214.200.60 Rating: N/A |
yes, that is why we need something here in usa that gives guaranteed returns. Not sure how much US FDs give but a 3% FD will yield a total of 24K (14K compared to 6K with mortgage). | ||
Rudraksha Side Hero Username: Rudraksha Post Number: 7120 Registered: 07-2012 Posted From: 32.214.200.60 Rating: N/A |
at the end of day, it is your preference and choice. | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 13423 Registered: 06-2013 Posted From: 165.225.34.116 Rating: N/A |
Missing one thing here. Today, conversion rate is at INR 70. If it goes down to say 40, well and good. But if it goes up to say, a 100?? It happened with my investments in India. Some appreciated about 60% in INR. But USD got stronger by 75%. Breakeven at best. _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
Rudraksha Side Hero Username: Rudraksha Post Number: 7118 Registered: 07-2012 Posted From: 32.214.200.60 Rating: N/A |
7Lakhs FD with 7% interest rate compounded for 29 years giving me total back 5,298,517 (53 Lakhs) = approximately 8 times. (in the previous post it should be 10 times, not 20 times) | ||
Rebel Hero Username: Rebel Post Number: 17045 Registered: 02-2008 Posted From: 173.25.231.8 Rating: N/A |
ade cheppaduga no more personal/dependant exemptions.. u get child credit tho idi ela aina vastadi not dependent on std deduction.. with 600K mortgage u r prime candidate for NOT using std deduction | ||
Rudraksha Side Hero Username: Rudraksha Post Number: 7117 Registered: 07-2012 Posted From: 32.214.200.60 Rating: N/A |
I would not worry too much about skipping 6 months as we are paying the principal and interest already. the only difference is 6K savings over approximately 29years. So, now the question is is it worth to save 6k over 28.5 years through this process or invest that 10K wisely which gives guaranteed returns more than 6K in 28.5 years? India lo 10K FD chestey 29 years lo minimum 20 times avuntundi anukunta | ||
Guru Hero Username: Guru Post Number: 14150 Registered: 05-2009 Posted From: 98.221.21.126 Rating: N/A |
Cpa kurrod sent this Advantages: Higher Standard deductions, record high child tax credit, 20% extra deduction for passthrough income, lower tax rates, significant higher income limit for AMT, increase in income limit for child tax credit and many more great changes Disadvantages: Cap of $10K on SALT, no more personal exemptions, moving expenses, in most of the cases charitable contributions will not be deductible due to higher standard deductions, no more unreimbursed employee business expenses, flat tax rate for small business to 21% , limit on 20% pass through income and many more. | ||
Guru Hero Username: Guru Post Number: 14149 Registered: 05-2009 Posted From: 98.221.21.126 Rating: N/A |
Snp already peak lo undi n rececession signs around..planning to increase holdings during dips | ||
Rudraksha Side Hero Username: Rudraksha Post Number: 7116 Registered: 07-2012 Posted From: 32.214.200.60 Rating: N/A |
any one with experience please guess and tell us: if we invest 10K in S&P what could be estimated value in 29years? | ||
Rebel Hero Username: Rebel Post Number: 17044 Registered: 02-2008 Posted From: 173.25.231.8 Rating: N/A |
no more 4K per child ded..its eliminated | ||
Rudraksha Side Hero Username: Rudraksha Post Number: 7115 Registered: 07-2012 Posted From: 32.214.200.60 Rating: N/A |
6K over 29years ki credit card balance transfer risk is not worthy anukunta. instead as some one said you can invest that 10K in S&P and after 29years it may become 100K+  | ||
Rebel Hero Username: Rebel Post Number: 17043 Registered: 02-2008 Posted From: 173.25.231.8 Rating: N/A |
how much interest r u paying on 600K per year? i think around 20 K+.. 20K+10K(SALT) ade 30K ayindi compared to std ded of 24K | ||
Guru Hero Username: Guru Post Number: 14148 Registered: 05-2009 Posted From: 98.221.21.126 Rating: N/A |
You are right, effective savings is 6k but loan term also reduced by 6 months. | ||
Guru Hero Username: Guru Post Number: 14147 Registered: 05-2009 Posted From: 98.221.21.126 Rating: N/A |
With new tax laws, std deduction ee 25k undi anukunta plus 4k per child dependent deduction. Not worth itemizing mortgage interest | ||
Rudraksha Side Hero Username: Rudraksha Post Number: 7114 Registered: 07-2012 Posted From: 32.214.200.60 Rating: N/A |
but are not forgetting that 10K you are spending upfront? I see only 6K at the end of 29years after subtracting original 10K from 16K | ||
Guru Hero Username: Guru Post Number: 14146 Registered: 05-2009 Posted From: 98.221.21.126 Rating: N/A |
Reduction in interest by 16k and loan term 6 months | ||
Rebel Hero Username: Rebel Post Number: 17042 Registered: 02-2008 Posted From: 173.25.231.8 Rating: N/A |
600k principal ki 10k credit card BT..hmmm mortgage int is tax deductible..BT is not | ||
Rudraksha Side Hero Username: Rudraksha Post Number: 7113 Registered: 07-2012 Posted From: 32.214.200.60 Rating: N/A |
so what are your figures saying? Assuming that after 7/1, you will be still staying with 3.5 apr, you will save approximately 6k, if you just keep making the normal payments for rest of the 29years and with in 9months you have to pay off credit card and no other transactions should be charged to that particular credit card. | ||
Executor Comedian Username: Executor Post Number: 1302 Registered: 04-2010 Posted From: 45.17.219.248 Rating: |
itta sese kada valla nayana bullet dimpinchukunnadu | ||
Guru Hero Username: Guru Post Number: 14145 Registered: 05-2009 Posted From: 98.221.21.126 Rating: N/A |
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Speaker Junior Artist Username: Speaker Post Number: 919 Registered: 01-2019 Posted From: 192.197.178.2 Rating: N/A |
theenemma jeevitham... antha antha fedda illu...boshadingaalu avasarama??? adi nj lo???? property tax entha? year ki 20k unda? inka ekkuva unda? monroe na?? bridgewater na? princetonaaa?? kikiki Inform, Amuse, Confuse, Evoke.. | ||
Guru Hero Username: Guru Post Number: 14144 Registered: 05-2009 Posted From: 98.221.21.126 Rating: N/A |
Loan just started..principal say 600k. Just 29 yrs away paying it off. | ||
Rebel Hero Username: Rebel Post Number: 17040 Registered: 02-2008 Posted From: 173.25.231.8 Rating: N/A |
u should try to refinance to 15 or 30 yr...ee month rates tagginattu unnay | ||
Rudraksha Side Hero Username: Rudraksha Post Number: 7111 Registered: 07-2012 Posted From: 32.214.200.60 Rating: N/A |
depending on the loan amount, total years it could make difference. what is the remaining loan amount and in how many years/months you are going to close the loan? | ||
Brightlife34 Side Hero Username: Brightlife34 Post Number: 3402 Registered: 11-2017 Posted From: 160.83.72.104 Rating: N/A |
unless mee loan rate goes above 4% in next few months naku telisi use emi ledu | ||
Brightlife34 Side Hero Username: Brightlife34 Post Number: 3401 Registered: 11-2017 Posted From: 160.83.72.104 Rating: N/A |
S&P and other investment kuda kadu. its just higher interest you are paying. meeeru 9 months ki 2% fee (infact its higher because if you take 100, they gve 97 after 3% fee and you pay 100, so its 3/97, 3.1%). this is for 9 months antey annually 4.15% is the interest cc company is charging you. and you are repaying a 3.5% loan, if there are addl closing costs from cc it adds up. meeku papers/lien release cheskovali aney issue untey tappa it does not make any sense. aa 1100 per month cc ki pay chesedi prepay mortagge loan, you will save overall. the trap is you feel like you are saving 3.5% every month on 10k prepaid but you are paying 4.15% at the end of 9 months. again as I said unless you want to release lien or have immediate need to save some monthly cash cost you are not saving anything | ||
Guru Hero Username: Guru Post Number: 14142 Registered: 05-2009 Posted From: 98.221.21.126 Rating: N/A |
Uncle naa post complete ga chadivi ardam cheskunnava? My loan is arm so it will go up after 7 yrs. i want to bring down the principal as much as i can before refi. Taking a 0% loan offers more % savings than 300$ fee i pay to credit card. | ||
Andhrawala Legend Username: Andhrawala Post Number: 74810 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Bellamkonda Srinivas movie ki investment pedithe Rs 3 interest per month per Rs 100. ante year ki minimum 36% interest osthundhi Jai Janaki nayaka ki maa freidn cheppedu No Signature | ||
Guru Hero Username: Guru Post Number: 14141 Registered: 05-2009 Posted From: 98.221.21.126 Rating: N/A |
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Kaisersooze Hero Username: Kaisersooze Post Number: 17750 Registered: 04-2009 Posted From: 199.116.173.88 Rating: N/A |
I guess hez talking about points...its a good thing to do....assume that your loan amount is 500K....1% of it is 5000$. 2% I mean 10k balance transfer chesi...2 points konukontae....4.25% loan 4% ki vachae chance vundhi...he will save money... | ||
Rebel Hero Username: Rebel Post Number: 17039 Registered: 02-2008 Posted From: 173.25.231.8 Rating: N/A |
ee konda ni tavvi eluka ni pattatatam enduku.. u pay mortgage with the money u have...not by taking another appu.. edo 5% + interest rate mortgage unte oka rakam | ||
Executor Comedian Username: Executor Post Number: 1297 Registered: 04-2010 Posted From: 45.17.219.248 Rating: N/A |
ala aithe 10k teesukuni india lo vaddilaki thippu  | ||
Guru Hero Username: Guru Post Number: 14140 Registered: 05-2009 Posted From: 199.67.131.148 Rating: N/A |
got it but sounds very risky. Night hai ga nidra povali kada kiki | ||
Executor Comedian Username: Executor Post Number: 1296 Registered: 04-2010 Posted From: 45.17.219.248 Rating: N/A |
You are right. This is not for people who think investing in stocks is same as gambling. | ||
Guru Hero Username: Guru Post Number: 14139 Registered: 05-2009 Posted From: 199.67.131.148 Rating: N/A |
existing credit card ee but BT txfr isthannadu last 15yrs la never used..ippud manchi approach anipistundy | ||
Executor Comedian Username: Executor Post Number: 1295 Registered: 04-2010 Posted From: 45.17.219.248 Rating: N/A |
after 9 months, you take it out from stocks and payoff. meanwhile you only pay min monthly payments on the card which should be around $300 | ||
Rajusk Legend Username: Rajusk Post Number: 68179 Registered: 02-2008 Posted From: 170.74.231.21 Rating: N/A |
vonly catch I see is ..one more new Credit Card account on your name..not sure how much it would change your credit history.. if you do two/three of the same ..just thinking loud anthe..feel free to ignore | ||
Andhrawala Legend Username: Andhrawala Post Number: 74806 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
//Exactly. I would take $10k and invest in stocks for 9 months (of course there is a risk involved). As you are already willing to pay 1k per month credit card payments, I would pay additional 1k to the principal instead and pay only minimum monthly payment for the card. and after 9 months lets say you made 2k profit in stocks(hopefully) pay that 2k as well to the principal. // Invest the money in Cyptos. time baaguntee u will make it double or quadruple No Signature | ||
Speaker Junior Artist Username: Speaker Post Number: 910 Registered: 01-2019 Posted From: 192.197.178.2 Rating: N/A |
credit cards vaadi agreement lo in fineprint lo pedtaadu...soodaledaa eppudu..?? they can hike the apr anytime they want without notice... did u think of this at all?? scaryyyyyyyyyyyyyyyyy Inform, Amuse, Confuse, Evoke.. | ||
Guru Hero Username: Guru Post Number: 14138 Registered: 05-2009 Posted From: 199.67.140.46 Rating: N/A |
trouble emundy annai? Savings unnai rainy day ki but idi different approach to prepay ani research lo telindy | ||
Guru Hero Username: Guru Post Number: 14137 Registered: 05-2009 Posted From: 199.67.140.46 Rating: N/A |
thx annai..emanna blindspots unnayemo ani just checking | ||
Guru Hero Username: Guru Post Number: 14136 Registered: 05-2009 Posted From: 199.67.131.149 Rating: N/A |
mari credit card loan evvar kadathaar  | ||
Speaker Junior Artist Username: Speaker Post Number: 909 Registered: 01-2019 Posted From: 192.197.178.2 Rating: N/A |
not worth the trouble... better to cut down your expenses and even if it is 1$ paid to your mortgage from savings...i think it will be still better than the route u wanna take... Inform, Amuse, Confuse, Evoke.. | ||
Rebel Hero Username: Rebel Post Number: 17035 Registered: 02-2008 Posted From: 173.25.231.8 Rating: N/A |
danikante manchi idea.. go to casino.. bet on red in roulette..u will get 10K profit (hopefully) | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 13420 Registered: 06-2013 Posted From: 165.225.34.116 Rating: N/A |
Bro, You already know the answer. Ignore the rest of the advises and go with your additional payment if you are OK with 1K additional CC payment for the next 9 months. Someone may come and say, invest that 10K in S&P for the term of the loan and you will get 20K or so. It is still better to pay off mortgagae in this case. _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
Rebel Hero Username: Rebel Post Number: 17032 Registered: 02-2008 Posted From: 173.25.231.8 Rating: N/A |
1. u save 0.5% interest for 9 months, not worth it. 2. yes and yes. monthly payment will remain same, no of payments will decrease. | ||
Executor Comedian Username: Executor Post Number: 1294 Registered: 04-2010 Posted From: 45.17.219.248 Rating: N/A |
Exactly. I would take $10k and invest in stocks for 9 months (of course there is a risk involved). As you are already willing to pay 1k per month credit card payments, I would pay additional 1k to the principal instead and pay only minimum monthly payment for the card. and after 9 months lets say you made 2k profit in stocks(hopefully) pay that 2k as well to the principal. | ||
Guru Hero Username: Guru Post Number: 14135 Registered: 05-2009 Posted From: 98.221.21.126 Rating: N/A |
Already individual, managed n 401k red lo unnai mastaru  | ||
Whitecollar Megastar Username: Whitecollar Post Number: 23246 Registered: 03-2016 Posted From: 65.71.154.252 Rating: N/A |
annay, Housing EMI different ga work avvudhi emo kada.. First few years majority goes towards interest component.. veni.. vidi.. vici.. | ||
Guru Hero Username: Guru Post Number: 14134 Registered: 05-2009 Posted From: 98.221.21.126 Rating: N/A |
Mi lekka lo tappu undi annai..amortization schedule chudandy oka paali | ||
Savyasachi Side Hero Username: Savyasachi Post Number: 2804 Registered: 12-2013 Posted From: 71.203.102.171 Rating: N/A |
waste. here is the reason
 for a simple minded person like me, its waste of time and energy. heres why lets say you do this on feb 1st. you are paying 300 in balance xfer fee now in Feb for 10000 dollars @3.5 apr you are paying $35 in interest every month. for 9 months thats 315 dollars. essentiall you are saving 15 dollars over a period of 9 months. but you are commiting to pay additional 1100 dollars everymonth for credit card. instead if you pay that additional 1100 to the mortgate directly you will save 31 dollars instead of 15. | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 13417 Registered: 06-2013 Posted From: 104.129.200.80 Rating: N/A |
Two picks ivvu brother if you have ...projected to give 10% returns _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
Starc Side Hero Username: Starc Post Number: 8248 Registered: 03-2015 Posted From: 170.63.120.78 Rating: N/A |
mortgage pay cheyyadam valla advantage enti? malli ade kada boggu | ||
Brightlife34 Side Hero Username: Brightlife34 Post Number: 3400 Registered: 11-2017 Posted From: 73.104.149.210 Rating: N/A |
You are paying 3% fee On cc for 9 months antey 4% per annum Using this relaying 3.5% apr mortgage Add other cots like closing etc Bad deal kada | ||
Siloan Legend Username: Siloan Post Number: 61150 Registered: 03-2008 Posted From: 104.194.218.88 Rating: N/A |
daanikanna 10k teesukelli stocks lo ettu..10% returns minimum vacchela choochuko..follow ijiyaa | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 13415 Registered: 06-2013 Posted From: 165.225.34.116 Rating: N/A |
Chass... I have been typing Principle. Thanks for correcting. _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
Guru Hero Username: Guru Post Number: 14133 Registered: 05-2009 Posted From: 192.193.171.152 Rating: N/A |
Yes, it is like a commitment to pay 1K per month for next 9 months but with balance transfer, you are paying it 9 months ahead..saving interest on 9k principal for 9 months | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 13413 Registered: 06-2013 Posted From: 165.225.34.116 Rating: N/A |
That calculation is off. The way interest calculated on Mortgages is based on Principal balance. His expense is only 300 for paying 10K. For paying interest on Principle, 10 K reduction makes a bigger impact. He might be saving upto 12K based on the 220K loan amount. _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
Guru Hero Username: Guru Post Number: 14132 Registered: 05-2009 Posted From: 192.193.171.150 Rating: N/A |
zero fee card. Planning to pay the amount in full by 9 months | ||
Guru Hero Username: Guru Post Number: 14131 Registered: 05-2009 Posted From: 192.193.171.150 Rating: N/A |
you are reducing the % on 10k principal compounded over 30 yr term. The way I understand, if you look into ur amortization calendar..look at the principal owed and go to the month that is 10K less..you will skip 3-4 payments at least. You are prepaying the loan by those 3-4 months. The % savings for those reduced months will be much higher than 300$. | ||
Bumper Hero Username: Bumper Post Number: 15936 Registered: 07-2014 Posted From: 161.11.160.176 Rating: N/A |
is ur mortgage interest more than 3% undhaa? if ur mortgage intr is 4% then u can save only 100$. edaina etf lo petti after 10 months tisukunna we might able to get more appreciation Plus dividends. | ||
Uno Side Hero Username: Uno Post Number: 4521 Registered: 03-2016 Posted From: 99.232.127.177 Rating: N/A |
How does it helps ? Unless tou are completely closing the mortgage and if you are $10k short .Have you factored in the annual card fee and APR on card borrowing after 9 months? (It will be in double digits for sure) And doing all this how much interest /money are you saving ? Around $200 bucks maybe ? May be skip a movie or a restaurant..u will save the hassle ! | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 13412 Registered: 06-2013 Posted From: 165.225.34.116 Rating: N/A |
Not a bad idea. But you will be making 2 payments. 1. EMI (Payment stays the same) and 2. Credit Card. (That is additional 1.1K per month burden.) Also, You can use this link here to calculate your interest savings. Ideally, your interest savings should be greater than 300 (BT fee). https://www.ajdesigner.com/mortgage.php _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
Guru Hero Username: Guru Post Number: 14130 Registered: 05-2009 Posted From: 192.193.171.151 Rating: N/A |
Mortgage 7/1 ARM - 3.5 Balance txfr - 0% APR for 9 months with 3% free. Oka 10K balance transfer chesthey..300$ fee tho..if I prepay 10k ahead of 10 months and not use that card for any transactions and pay the balance in full by 9 months. We save on mortgage interest no? 1. Any downsides in this approach? 2. If we prepay principal,i understand that # of payments will go down. Does the interest on remaining principal gets recalcuated on monthly basis? |
