To all of you people who think it is a good idea to pay off no interest loans...
I will very happily take them off your hands. In fact, I'll even pay you 5%-10% interest depending on the amount... I'll back this with 700+ credit and a secure 6 figure job.
This is the stupidest discussion I think I've seen on this board ever.
That being said, my parents feel the same way - they'd rather pay cash for vacation homes than take 5-6% mortgages even though they have 30 years of records showing they've made 15-16% in the stock market. I've had this discussion with them 100 times. At least I've gotten them to become willing to at least think about it... Of course there are + tax benefits to some loans as well...
Sean
I will very happily take them off your hands. In fact, I'll even pay you 5%-10% interest depending on the amount... I'll back this with 700+ credit and a secure 6 figure job.
This is the stupidest discussion I think I've seen on this board ever.
That being said, my parents feel the same way - they'd rather pay cash for vacation homes than take 5-6% mortgages even though they have 30 years of records showing they've made 15-16% in the stock market. I've had this discussion with them 100 times. At least I've gotten them to become willing to at least think about it... Of course there are + tax benefits to some loans as well...
Sean
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