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Hi fishes, Need help!!!!! Is gratuity deduction mandatory in Infosys from salary, if yes if leave the organisation after 1 year, are we eligible to receive the paid amount? Or only after 4 years we will receive? How one can opt out of gratuity???? Please suggest!!!!!!!!!!!!!! Infosys Infosys Limited
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I'd pay it down at that interest rate. Trying to beat a 6% return on paying down the mortgage including the taxes you'd have to pay on any returns and mutual fund management fees is going to be tough.
I agree with this. Additionally if you’re paying PMI because of under 20% downpayment, I’d definitely pay towards equity at least until that PMI is cleared
Invest the extra in the market. Refi the mortgage when rates go back down again.
Do you think rates are going back down low enough to justify a refinance anytime soon?
All of you “invest in something else “ people, please your highness’s, advise me where to find 100% probability of a >5.75% return 🙏🙏🙏🙏🙏🙏🙏
Why do you need a guaranteed return? You bought the house with 20% of your own money and 80% opm. You own 100% of the eventual return on the house but only have 20% of your own money at risk. Why would you put more equity into an illiquid investment when you can use that cash and buy a highly liquid investment?
Invest the money in something other than paying off your mortgage.
Purchase price matters here. How much?
700K
I'd wait to buy the house until the market settles (29 here).
Never try to time the market…
Don’t pay extra - keep your funds liquid and invest in the market. Your payment is what it is and won’t change based on paying more. There will come a time to refi and at that point you could choose to increase, decrease or keep the loan balance the same with a lower interest rate.