James22 said: (quoted from post at 04:28:18 03/18/14) I'm receiving 1.4% on my 401K funds in cash reserves and 0.9% for normal/accessible savings in a corporate money market fund. The local bank 5 year CD is a miserly 0.75%. Suspect that you aren't doing much if any better. Yet you are paying 3.25% on the borrowed funds.... .
James22, you might want to get out of having so much cash and get into the market... I made north of 10% over the past year on my 401k. That's just one good year of course and over time it's been more like 4-5% but sounds like you are cheating yourself. Even the cash I hold in the 401k is something like 3.65%, guaranteed for the next year. For me I'm better off putting money into the 401k than putting it on the mortgage. I'm almost to the age (about a year away) that I could take the 401k money to pay on the house should a job loss occur. If not then I'm making a decent return on what I keep in the investments. Everyones situation is different, this works for us.
For the original poster, the contrary view would be that you would have a big chunk of money tied up in a very non liquid asset. What if you lost your job or got transferred and had to move to find one in another state and you couldn't sell your house? Sound like a few years ago? For an old fart this may not matter, if you are younger I would think seriously about having so much tied up in one place. Limits your options severely.
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