KakiJanaky Posted October 27, 2023 Report Share Posted October 27, 2023 friends, need ur advise to make a wise decision. Remaining loan on my home: 500k (@ 4.5%) current cds and stocks(blue chips): 500k so matter enti antey, motham clean chesi mortgage katti paada dobbbala, ledu alaage savings lo pettala? market down undi, not much earnings, thinking what to do? miru na place lo unte emi chestaro cheppandi. P.s: don’t ask silly childish questions- how did u make that much money, if u don’t know what to do why are you here etc etc… teliste cheppandi, ledante responses chudandi. bro I don’t careeeeeee Quote Link to comment Share on other sites More sharing options...
lollilolli2020 Posted October 27, 2023 Report Share Posted October 27, 2023 4 minutes ago, KakiJanaky said: friends, need ur advise to make a wise decision. Remaining loan on my home: 500k (@ 4.5%) current cds and stocks(blue chips): 500k so matter enti antey, motham clean chesi mortgage katti paada dobbbala, ledu alaage savings lo pettala? market down undi, not much earnings, thinking what to do? miru na place lo unte emi chestaro cheppandi. P.s: don’t ask silly childish questions- how did u make that much money, if u don’t know what to do why are you here etc etc… teliste cheppandi, ledante responses chudandi. bro I don’t careeeeeee I would invest in some commercial real estate which will in turn pay for the home mortgage Quote Link to comment Share on other sites More sharing options...
nag Posted October 27, 2023 Report Share Posted October 27, 2023 Don't make any changes. don't strive for optimal investing always.. Quote Link to comment Share on other sites More sharing options...
veerigadu Posted October 27, 2023 Report Share Posted October 27, 2023 First nee payment amortization chusukooo...Is your major interest paying saga over? if your answer is no....ONLY then Pay off 250K and then sit tight. Repu poddhuna kavaliii ante mallii cash out loan theyyochuuu equity meedha. For now, interest ayina thaggudhiii....ATB Inko 250K emergency ki pattukoni kurchooo....Blue chip stocks ayitheee liquidate sese mundhu think seyyi...Do lot of research. You also dont want to lose good ride in stock market. Also if you had stocks that are less than two years, then tax gattiga 10ngutharuuu...Sell only stocks that IRS considers long term. you will get away with less tax... Overall ga nee Home interest rates paina...neee stocks meedha taxes cut ayye estimate anni kalipi....Then make a decision Quote Link to comment Share on other sites More sharing options...
phatposts Posted October 27, 2023 Report Share Posted October 27, 2023 Short answer - no Long answer - Depends on your age, retirement goals etc. 4.5% is a good mortgage rate. Not great considering but that is not the point of discussion here. Loan is a fixed value entity - it is an investment for a bank but not for you. Whereas your assets have the room to appreciate over time. long run (ante 15+ years) lo avg returns would be 8% atleast. I personally would NOT pay off your mortgage unless you are 55+ of age or current personal conditions lo mortgage pay cheyyaleni bhayam undadam etc. Eee matram avakasam unna kooda you should not convert assets with runway and dump in to a mortgage. Once mortgage is cleared by liquidating your assets you should understand you lost your entire access to liquid assets. Repu cash avasaram vaste malli mortgage ki povali. Talk to a fee only finance advisor (not those who sell policies and ) to help you validate your thought process. Quote Link to comment Share on other sites More sharing options...
shaktimaan Posted October 27, 2023 Report Share Posted October 27, 2023 3 minutes ago, phatposts said: Talk to a fee only finance advisor (not those who sell policies and ) to help you validate your thought process Fiduciary is the one you should look for. If you’re not sure, you can validate their credentials Quote Link to comment Share on other sites More sharing options...
Kootami Posted October 27, 2023 Report Share Posted October 27, 2023 35 minutes ago, KakiJanaky said: friends, need ur advise to make a wise decision. Remaining loan on my home: 500k (@ 4.5%) current cds and stocks(blue chips): 500k so matter enti antey, motham clean chesi mortgage katti paada dobbbala, ledu alaage savings lo pettala? market down undi, not much earnings, thinking what to do? miru na place lo unte emi chestaro cheppandi. P.s: don’t ask silly childish questions- how did u make that much money, if u don’t know what to do why are you here etc etc… teliste cheppandi, ledante responses chudandi. bro I don’t careeeeeee on avereage money doubles in 7 years with compoinding , so I would use compounding power if you want to pay off Quote Link to comment Share on other sites More sharing options...
KakiJanaky Posted October 27, 2023 Author Report Share Posted October 27, 2023 devudaa, motham experts aa unnaru ga, okko response okko diamond annattu undi, nene Inka nerchukovali, thu na bathuku. thank you my Friendz , will wait for more inputs as well. Quote Link to comment Share on other sites More sharing options...
no01 Posted October 27, 2023 Report Share Posted October 27, 2023 oka question guys - naa mortage 3% ki locked when rates were down but took 30yrs loan...I should have taken 15yr or may be 20yr anipinchindi (appatlo wife was not working so 30yr better anukunna). Now we can pay off more ane situation lo unnam, but cant re-finance with this high rates. Alternative ga, can I pay little more towards principal which will cut down loan period to 20yr or less? is this a wise move for now? or any catch here that I am not aware of? Quote Link to comment Share on other sites More sharing options...
no01 Posted October 27, 2023 Report Share Posted October 27, 2023 1 minute ago, no01 said: oka question guys - naa mortage 3% ki locked when rates were down but took 30yrs loan...I should have taken 15yr or may be 20yr anipinchindi (appatlo wife was not working so 30yr better anukunna). Now we can pay off more ane situation lo unnam, but cant re-finance with this high rates. Alternative ga, can I pay little more towards principal which will cut down loan period to 20yr or less? is this a wise move for now? or any catch here that I am not aware of? or continue with current setup since rates are low...and use that extra cash and invest somehwere else? Quote Link to comment Share on other sites More sharing options...
shaktimaan Posted October 27, 2023 Report Share Posted October 27, 2023 14 minutes ago, no01 said: oka question guys - naa mortage 3% ki locked when rates were down but took 30yrs loan...I should have taken 15yr or may be 20yr anipinchindi (appatlo wife was not working so 30yr better anukunna). Now we can pay off more ane situation lo unnam, but cant re-finance with this high rates. Alternative ga, can I pay little more towards principal which will cut down loan period to 20yr or less? is this a wise move for now? or any catch here that I am not aware of? Yes, you can cut down by making one or two payments per year on top of your monthly payments for peace of mind. Make sure you assign it to principal. Use a calculator and you can see how quick you’ll be done with your mortgage But for 3%, it doesn’t make sense to make additional payments 1 Quote Link to comment Share on other sites More sharing options...
futureofandhra Posted October 27, 2023 Report Share Posted October 27, 2023 1 hour ago, lollilolli2020 said: I would invest in some commercial real estate which will in turn pay for the home mortgage Commercial real estate is bad idea now Quote Link to comment Share on other sites More sharing options...
Pandubabu Posted October 27, 2023 Report Share Posted October 27, 2023 2 hours ago, KakiJanaky said: friends, need ur advise to make a wise decision. Remaining loan on my home: 500k (@ 4.5%) current cds and stocks(blue chips): 500k so matter enti antey, motham clean chesi mortgage katti paada dobbbala, ledu alaage savings lo pettala? market down undi, not much earnings, thinking what to do? miru na place lo unte emi chestaro cheppandi. P.s: don’t ask silly childish questions- how did u make that much money, if u don’t know what to do why are you here etc etc… teliste cheppandi, ledante responses chudandi. bro I don’t careeeeeee Multiple things to consider including your visa status. You should always have 12 months emergency in liquid especially if you are on visa. If you are GC , it is totally based on your risk tolerance. And you are not going to time the market , you should be investing everyday for long term . 4.5 is a grey spot. Based on your risk tolerance , you can invest a portion in stock market , rest in cDs and other guaranteed return vehicles. This has a good advantage of taking advantage of market goes south . Or You can pay off mortgage and invest everything in stocks or CDs based on your risk tolerance. I personally won't pay off as I would like to have some liquid dough. Quote Link to comment Share on other sites More sharing options...
hydusguy Posted October 27, 2023 Report Share Posted October 27, 2023 2 hours ago, KakiJanaky said: friends, need ur advise to make a wise decision. Remaining loan on my home: 500k (@ 4.5%) current cds and stocks(blue chips): 500k so matter enti antey, motham clean chesi mortgage katti paada dobbbala, ledu alaage savings lo pettala? market down undi, not much earnings, thinking what to do? miru na place lo unte emi chestaro cheppandi. P.s: don’t ask silly childish questions- how did u make that much money, if u don’t know what to do why are you here etc etc… teliste cheppandi, ledante responses chudandi. bro I don’t careeeeeee bring mortgage to single salary payments and all household expenses.. my goal is to bring it to 300k and leave it Quote Link to comment Share on other sites More sharing options...
Konebhar6 Posted October 27, 2023 Report Share Posted October 27, 2023 3 hours ago, KakiJanaky said: friends, need ur advise to make a wise decision. Remaining loan on my home: 500k (@ 4.5%) current cds and stocks(blue chips): 500k so matter enti antey, motham clean chesi mortgage katti paada dobbbala, ledu alaage savings lo pettala? market down undi, not much earnings, thinking what to do? miru na place lo unte emi chestaro cheppandi. P.s: don’t ask silly childish questions- how did u make that much money, if u don’t know what to do why are you here etc etc… teliste cheppandi, ledante responses chudandi. bro I don’t careeeeeee Stock market is going down. If I were you, I would sell my stocks and move into Savings account and enjoy 5% div. There will be plenty of opportunities in Stocks and real estate down the lane. Mostly 2024 or 2025 for real estate. If your mortgage interest rate is higher (5% or more), I would pay 250k and follow above strategy for remaining amount. BTW 500k cash+stocks most desis might have. Its not unusual. Quote Link to comment Share on other sites More sharing options...
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