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Topic: OT - Money / Investing Thread (aka financial no stupid questions)
(Read 67302 times)

847badgerfan · « **Reply #154 on:** **Today** at 08:07:25 AM »

If your ROI is roughly 3 points higher than your interest rate, investment makes sense.

You also need to factor in PMI if you're not putting at least 20 percent down.

FearlessF · « **Reply #155 on:** **Today** at 09:53:21 AM »

yup, I'll allow my advisor explain it to me, show me the numbers, and steer me in the right direction

that's why I pay him

MikeDeTiger · « **Reply #156 on:** **Today** at 09:57:36 AM »

Quote from: 847badgerfan on Today at 08:07:25 AM

If your ROI is roughly 3 points higher than your interest rate, investment makes sense.

You also need to factor in PMI if you're not putting at least 20 percent down.

Yes.

Also might consider if there's an employer who contributes to a 401k match. And if you can reasonably project if you'll likely stay in this house or will be moving (selling and buying again) in the future. Several things could be considered to fine-tune a decision like that, but I think @847badgerfan pegged the main one.

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Topic: OT - Money / Investing Thread (aka financial no stupid questions)

847badgerfan

Re: OT - Money / Investing Thread (aka financial no stupid questions)

FearlessF

Re: OT - Money / Investing Thread (aka financial no stupid questions)

MikeDeTiger

Re: OT - Money / Investing Thread (aka financial no stupid questions)